One of the results of the strong economic growth in the United States relative to the rest of the world is a
a. U.S. trade surplus.
b. U.S. trade deficit.
c. growing U.S. net exports.
d. trade deficit for U.S. trading partners.
b
Economics
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If MSC = 20 + 0.75A, where MSC is in millions of dollars, and A is the percentage of mercury emissions abatement, then
a. marginal social cost is $7.5 million when 10 percent of mercury emissions are abated b. the MSC function graphs with a horizontal intercept of 20 c. MSC equals $35 million if 20 percent of mercury is abated d. TSC must be declining with higher abatement levels
Economics
A supply shock that reduces total factor productivity directly affects which term in the production function Y = AF(K, N)?
A. A B. K C. F D. N
Economics