Which of the following is true?
A. Japan has a high export ratio.
B. Ireland has a low export ratio.
C. The European nations tend to have lower export ratios.
D. The United States has a very low export ratio.
Answer: D
Economics
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Deadweight loss exists when a market is operated by a monopoly because the monopolist produces at an output level that is ____ the socially optimal level
Fill in the blank(s) with the appropriate word(s).
Economics
According to this Application, the recession in 1981 was caused by
A) the government cutting back on aggregate demand to reduce inflation. B) increasing oil prices which resulted in a decrease in aggregate supply. C) massive immigration from Europe to the United States. D) an decrease in aggregate supply resulting from U.S. bank collapses.
Economics