Which statement is true?
A. Our merchandise trade deficit and our overall trade deficit are identical.
B. Our merchandise trade deficit is greater than our overall trade deficit.
C. Our overall trade deficit is greater than our merchandise trade deficit.
D. None of these statements are true.
B. Our merchandise trade deficit is greater than our overall trade deficit.
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Resources can be purchased
A) exclusively through the government. B) in the product markets. C) in the factor markets. D) at a grocery store.
During the recession of 2008-2009, the length of time qualified workers were permitted to draw unemployment benefits was increased from 26 to up to 99 weeks. Economic theory indicates that this extension would
a. reduce the opportunity cost of job search and lead to longer spells of unemployment. b. increase the opportunity cost of job search and lead to shorter spells of unemployment. c. reduce the long-term rate of unemployment. d. increase the current supply of labor and make it easier for employers to hire workers.