Compared to Latin America in the 1980s, East Asian countries in the 1990s had
a. higher budget deficits and higher current account deficits
b. lower budget deficits and lower current account deficits
c. higher budget deficits and lower current account deficits
d. lower budget deficits and higher current account deficits
e. similar budget and current account deficits
B
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The first attempt by United States workers to organize on a permanent basis was by what Philadelphia group?
a. coal miners b. shoemakers c. bakers d. construction workers e. bankers
If there is a sole producer of a good, and he faces no threat of competition, it is likely that:
A. the consumer surplus is greater than in a competitive equilibrium. B. the price is set inefficiently high. C. the price is set below the competitive equilibrium price. D. the market is efficient.