The Embargo Act (1807):
a. had a devastating effect on U.S. manufacturing.
b. led to increases in U.S. exports and per capita income.
c. increased U.S. imports, but decreased U.S. exports.
d. prohibited U.S. ships from trading with all foreign ports.
e. All of the above.
d. prohibited U.S. ships from trading with all foreign ports.
Economics
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Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labor while the price of capital remains unchanged?
A) the movement from BF to CE B) the movement from BF to BD C) the movement from AF to BD D) the movement from AF to CE
Economics
If domestic saving exceeds investment, there will be a current account surplus
Indicate whether the statement is true or false
Economics