In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability.
B. decreasing population growth.
C. increasing corruption.
D. reducing investment.
Answer: D
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Labor union membership, as a percent of workers, has steadily declined since the 1930s.
Answer the following statement true (T) or false (F)
Which is not considered to be an economic resource?
a. Money b. Labor c. Land (or natural resources) d. Tools and machinery
During the last decade, the United States ran the largest trade deficits in its history. These trade deficits imply:
A. a U.S. balance of payments equilibrium. B. a U.S. balance of payments deficit. C. nothing about the overall U.S. balance of payments. D. a U.S. private balance of payments surplus.
Consider the monopoly in the figure below with price regulated at $2 per unit. In this market, ________ units will be exchanged. 
A. 3 B. 8 C. 4 D. 5