The European Central Bank (ECB) pursues a hybrid monetary policy strategy that has elements in common with the -targeting strategy previously used by the Bundesbank but also includes some elements of targeting

Which of the following is the best example of a variable cost?

a. property taxes b. lease payments for equipment rental c. rent on office space d. wages for hourly workers e. interest on outstanding loans

Which statement is true?

A. Since 2007, the U.S. trade deficit has fallen significantly. B. Net exports has always been negative. C. The U.S. exports more services than merchandise (in terms of dollars). D. The U.S. balance of trade was negative for most of the 20th century.