The trade deficits of the 1980s and 1990s reflects American desire for foreign
a. assets and foreign desire for American goods and services.
b. goods and services and foreign assets.
c. goods and services and foreign desire for American assets.
d. assets now and foreign goods and services in the future.
c
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In a production possibilities frontier model, a point ________ the frontier is productively inefficient
A) outside B) at either intercept of C) inside D) along
Your local grocery store offers a coupon that reduces the price of milk during the coming week. The regular retail price of milk in the store is $3.00 per gallon, and the coupon price is $2.00 per gallon for the next week
If the store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users? A) -0.67 B) -1.0 C) -1.5 D) We do not have enough information to answer the question.