Which of the following would increase the trade deficit?
A. A tax on imports
B. Foreign countries subsidizing their exports
C. The U.S. government reducing the budget deficit
D. An increasing preference of American consumers for domestic products
Answer: B
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There are stereotypes (myths) about home-based businesses. Which of the following statements is a stereotype?
a. Most home-based businesses are run by women such as child care centers b. Most home-based businesses are run by men on computers c. It is hard to have a home-based business, too many conflicts d. Most home-based businesses are financially stable, rewarding
In the short run when output is zero, total cost is:
a. equal to total variable cost. b. greater than total fixed cost. c. equal to total fixed cost. d. less than total fixed cost. e. less than total variable cost.
A firm's production function represents a certain level of technology
a. True b. False Indicate whether the statement is true or false
Unlike the classical economists, Keynes asserted that
A. Prices and wages were flexible. B. Markets would naturally self-adjust. C. Laissez faire policies would lead to macro equilibrium. D. The economy was inherently unstable.