From 1999 to 2007, U.S exports to Mexico grew each year by approximately
A. 2.7%.
B. 0.5%.
C. 8.1%.
D. 12.7%.
Answer: A
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In the long run, the firm ________ change the number of workers it employs and ________ change the size of its plant.
A) can; can B) can; cannot C) cannot; can D) cannot; cannot E) In order to answer the question, more information is needed about how long the long run is.
The largest category of federal spending is for:
A. health care. B. science, space, and technology. C. pensions and income security. D. national defense.
Which of the following statements is true?
a. Derived demand for labor depends on the demand for the product labor produces. b. Unions can either increase demand or decrease the supply of labor. c. Investment in human capital is expected to increase the demand for those workers. d. All of the answers are correct.
By summing the dollar value of all market transactions in the economy we would:
a) determine the market value of all resources used in the production process. b) obtain a sum substantially larger than the GDP. c) determine value added for the economy. d) measure GDP.