During the past 100 years, the United States has transformed into primarily
A. A manufacturing economy.
B. A service economy.
C. A closed economy with little foreign trade.
D. An agricultural economy.
Answer: B
Economics
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What are the Euler Equations?
A. another name for the objective function B. another game for the first order conditions, defining optimal choices C. equations relating the optimal choice of interest rates to other prices D. both A and B, but not C
Economics
The total surplus in a market is represented by:
A) the area between the demand curve and the market price line. B) the area between the supply curve and the market price line. C) the area between the demand and supply curves and the price axis. D) the area between the demand curve and the horizontal axis.
Economics