Last year a country sold $500 billion euros worth of goods to foreigners and had a trade deficit of $100 billion euros. What was the value of its imports?

What factors determine the differences in salaries, wages, and income that we observe?

What will be an ideal response?

Any point on the production possibilities curve illustrates:

a. minimum production combinations. b. maximum production combinations. c. economic growth. d. a nonfeasible production combination.