If U.S. net exports are positive
A) other countries borrow from the United States to pay for some of the goods they purchase from the United States.
B) other countries make loans to the United States so that the United States can pay for some of the goods it purchases from other countries.
C) the United States sells some of the assets it owns in other countries to pay for some of the goods it sells to other countries.
D) the United States borrows from other countries to pay for some of the goods the United States purchases from them.
A
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Dusty Rags, Inc provides janitorial services to retail stores. Dusty had been charging $10 per hour and selling 400 hours of service per week at that rate. When he raised his price to $15 per hour, his customers cut back to 300 weekly hours of service. Which of the following is true?
a. Revenue went from $4,000 per week to $4,500 per week, indicating that the demand curve for his services must have shifted to the right. b. Revenue went from $4,000 per week to $4,500 per week, indicating that the demand for his services must be elastic. c. Revenue went from $4,000 per week to $4,500 per week, indicating that the demand for his services must be inelastic. d. Revenue went from $400 to $300 per week, indicating that demand must be elastic. e. Revenue went from $10 to $15 per week, indicating that demand must be inelastic.