An area in which the United States has had a sizable surplus in its balance of payments is sales of ____ to foreigners
a. goods
b. energy
c. assets
d. automobiles
c
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Does a monopolist have a supply curve? Explain your answer
What will be an ideal response?
Which of the following is not an abstraction of macroeconomics?
A. Inflation rate B. Total costs C. Unemployment D. Aggregate supply
Factor markets are markets where ______.
a. firms sell the use of their inputs to households b. governments buy and sell the use of inputs and products c. households sell the use of their capital, land, labor, and entrepreneurial ability to firms d. firms purchase manufactured goods and technical services from individuals and government agencies
Malfeasance at Enron, a Houston-based energy firm, led to overstatement of revenues by almost $92 billion. As Enron closed its operations, U.S. energy prices remained stable. This may have been evidence that
A. there was lack of any competition, so Enron was the winner. B. Enron could charge whatever price it wanted to for energy. C. the accounting profession needs to review its policies quickly. D. there is a competitive market in energy distribution in the United States.