Economists use one standard set of assumptions to answer all economic questions

A nation that is a net borrower each year over time will become a ________ nation. A nation that is a net lender each year over time will become a ________ nation

Since the early 1980s, the United States has been a ________ due to the current account ________. A) creditor; debtor; net lender; surpluses B) creditor; debtor; net borrower; deficits C) debtor; creditor; net borrower; deficits D) creditor; debtor; net lender; deficits E) debtor; creditor; net lender; surpluses

In the first years of a professional athlete's career, the athlete is "under reserve," which means that he or she cannot negotiate with other teams. After a specified amount of time, the player can become a free agent. This implies that, everything else equal,

A) the player's salary is probably higher as a free agent than as a reserve player. B) the player's salary is probably lower as a free agent than as a reserve player. C) the player's salary is probably the same as a free agent and as a reserve player. D) the free agent status is not granted to every player.