In the United States, the debt burden tends to rise during ________ and fall during ________
A) wartime, but only if the war is of short duration; peacetime
B) peacetime; wartime, but only if the war lasts several years.
C) peacetime; wartime
D) wartime; peacetime
D
Economics
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The gains or benefits from trade are:
A) A result of more efficient resource utilization. B) based on different wage rates in different countries. C) greater when rich nations trade with poor nations. D) based on the principle of absolute advantage.
Economics
A logarithmic variable cost function implies that
A) marginal cost is increasing at a decreasing rate. B) marginal cost is increasing at an increasing rate. C) marginal cost is constant. D) marginal cost is decreasing as quantity increases.
Economics