Unemployment that results from fundamental technological changes in production, or from the substitution of new goods for customary ones, is

In the early 1970s, the U.S. ran large balance of payments ________, causing an ________ dollar and an ________ German mark

A) deficits; undervalued; overvalued B) deficits; overvalued; undervalued C) surpluses; undervalued; overvalued D) surpluses; overvalued; undervalued

If a major league baseball player would be willing to work for $700,000 per year and is currently being paid $1,200,000 per year, that player is earning an annual economic rent of

A) $700,000. B) $1,900,000. C) $1,200,000. D) $500,000.