A balance of trade deficit exists when
A. net exports are negative.
B. net exports are positive.
C. exports equal imports.
D. exports exceed imports.
A. net exports are negative.
Economics
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The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as
a. deadweight curve b. tax revenue curve c. Laffer curve d. Reagan curve e. none of the above is correct
Economics
The aggregate production function is _____ because the rate of increase of output per capita diminishes as more capital is used
a. downward sloping b. convex from below c. concave from below d. inverted U-shaped
Economics