If Belgium has exports of 50 billion euros and imports of 40 billion euros, then it is running a trade deficit.
Answer the following statement true (T) or false (F)
False
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If orange juice prices double next year, there will be a
A. rightward shift in the demand for grapefruit juice. B. rightward shift in the supply of grapefruit juice. C. leftward shift in the supply of grapefruit juice. D. leftward shift in the demand for grapefruit juice.
Jed had an exam score of 50 percentage points. There is an extra credit assignment that Jed can complete that will raise his exam score by 20 percentage points. Jed has determined that the extra credit assignment will take 10 hours of his time
Jed will complete the assignment he values the A) 20 percentage points more than the 10 hours of his time. B) 10 hours of his time more than the 20 percentage points. C) 70 percentage points more than the 10 hours of his time. D) wants a higher score.
If variable X rises as a result of variable Y falling, then X and Y have an inverse relationship
Indicate whether the statement is true or false
If the wage rate were $50, how many workers would be hired?
A. 1
B. 2
C. 3
D. 5