Which statement is false?
A. Looking at our trading pattern with Japan, one might reach the conclusion that we were an economic colony of Japan.
B. Until the 1990s, the United States was the prime exporter of consumer electronics products, such as TVs, cameras and DVD players.
C. In 1984 U.S. trade deficits first passed the $100 billion mark.
D. The last year the U.S. ran a trade surplus was 1975.
B. Until the 1990s, the United States was the prime exporter of consumer electronics products, such as TVs, cameras and DVD players.
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Each of the following is a determinant of demand except
a. tastes. b. production technology. c. expectations. d. the prices of related goods.
Table 7.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its total profit under the student discount policy?
A. $450 B. $550 C. $600 D. $650