If the value of a country's merchandise exports is less than the value of its merchandise imports, it is said to have a
a. trade surplus.
b. trade deficit.
c. current account surplus.
d. capital account deficit.
B
Economics
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In the table above, the size of the labor force is
A) 80 million. B) 46 million. C) 42 million. D) 40 million. E) 34 million.
Economics
Assume that you own a lake house. Unfortunately your job will require that you spend the summer on the road and you won't be able to enjoy it. You decide that you will rent it out for the summer while you are working
The mortgage payment on the lake house is $1000 per month and the upkeep and maintenance if it is occupied is $200 month but zero if it is not rented. What is the minimum rent that you would be willing to receive and why? What information is irrelevant in your decision? Explain.
Economics