A country who has a trade deficit:
A. sells more goods at home than it sells abroad.
B. imports less than it exports.
C. requires more trade in order to solve a budgetary deficit.
D. has a negative trade balance.
Answer: D
Economics
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Unions support minimum wage laws because an increase in the minimum wage
A) increases the supply of union labor. B) decreases the supply of union labor. C) increases the demand for union labor. D) decreases the demand for union labor.
Economics
If Andre Preneur puts together a company that yields a profit of $40,000 per year and this profit stream is expected to continue indefinitely, what price can he sell the company for if the discount rate equals 8 percent?
a. $40,000 b. $60,000 c. $100,000 d. $250,000 e. $500,000
Economics