The largest trading partner of the U.S. in 2012 was:
A. China
B. Japan
C. Mexico
D. Canada
D. Canada
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Following the initial planning process, the EPA’s ecological risk assessment framework consists of phases that include all of the following EXCEPT
a. problem formulation c. analysis b. dose-response d. risk characterization
In terms of economic growth, the key measure of the standard of living is
A) real GDP per capita. B) real GDP. C) nominal GDP. D) nominal GDP per capita.
What is not a benefit from the lower costs of transportation that were achieved through advances in railroads, canals and steamboats? a. Free rider problems were reduced. b. Farmers gained larger shares of the selling price of their crops. c. Consumers paid decreasing shares of the purchase price for transportation and marketing costs
d. New unsettled areas were profitably cleared and added to the nation's economic activity.
Jessica's marginal cost for producing a pitcher of lemonade is $0.25. Therefore, $0.25 is her:
A. equilibrium price. B. reservation price. C. producers surplus. D. marginal revenue.