The world's largest net debtor nation is
a. Russia
b. China
c. Brazil
d. Mexico
e. the United States
E
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If rising costs have compelled an increase in the price of football tickets for next season, you could safely assume the college athletic director
A) doesn't know the difference between sunk costs and marginal costs. B) doesn't want fans to become angry or resentful about the price increase. C) isn't setting prices to maximize net revenue. D) really has not raised prices. E) would prefer not to raise prices but has no choice in the matter.
Refer to the above table. It may be concluded that
A) Mexico has a comparative advantage in computer production. B) Mexico has a comparative advantage in bicycle production. C) The United States has a comparative advantage in producing both goods. D) The United States has a comparative advantage in producing neither good.
The primary source of corporate financing in the United States is
A. the sale of stock. B. the sale of bonds. C. retained earnings. D. lending from commercial banks.
Which of the following market structures results in a deadweight loss in the long run?
a. Perfect competition and monopolistic competition b. Monopolistic competition and monopoly c. Perfect competition and monopoly d. All of these market structures lead to a deadweight loss in the long run