How did the global savings glut in the 2000s affect the U.S. current account balance?
A) It caused it to decline by increasing the value of the dollar.
B) It caused it to decline by reducing the value of the dollar.
C) It caused it to increase by increasing the value of the dollar.
D) It caused it to increase by reducing the value of the dollar.
A
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The above figure shows the U.S. market for replacement cell phone batteries. Area C is the
A) deadweight loss from tariff. B) decrease in consumer surplus due to the tariff. C) increase in producer surplus due to the tariff. D) tariff revenue. E) loss in total surplus because of the tariff.
If the quantity of labor Sam supplies to a job is zero over the realistic range of wages, Sam
a. is either unwilling or unable to perform the job b. has not been hired to do the job c. has not been hired to do the job at the going market wage rate d. is unable to perform the job e. is unwilling to perform the job