For the United States, suppose the value of exported goods is greater than the value of imported goods. This implies that
A) the domestic currency will depreciate.
B) the dollar price of foreign currency will increase.
C) the country is running a deficit in its balance of trade.
D) the country is running a surplus in its balance of trade.
D
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In the above figure, which curve shows a positive relationship between x and y?
A) only curve A B) only curve B C) only curve C D) All the curves show a positive relationshi
In comparing the changes in actual budget surplus and the structural surplus between 1993 and 1999, it is clear that the
a. actual surplus rose less than the structural surplus. b. actual surplus and the structural surplus rose about the same. c. actual surplus rose much more than the structural surplus. d. tax increases of 1993 decreased the structural surplus more than they decreased the actual surplus.
A firm's short-run supply curve is its marginal cost curve above its average total cost curve.
Answer the following statement true (T) or false (F)
Economists infer that a consumer receives more utility from one good than another by
A) giving consumers surveys about the utility they receive from the goods. B) observing the consumer's behavior. C) the logic of the models used. D) means of introspection and speculation.