If GDP exceeds GNP, we know with certainty that
A) a budget deficit exists.
B) a trade surplus exists.
C) a trade deficit exists.
D) receipts of factor income from the rest of the world exceed payments of factor income to the rest of the world.
D
Economics
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Is it true that in the long run, a monopolistically competitive firm has market power but earns no profit? Explain
What will be an ideal response?
Economics
If the United Mine Workers successfully negotiates a wage that is higher than the competitive wage,
a. an excess demand for labor is created b. a surplus of labor is created c. the demand for labor increases d. the supply of labor decreases e. the quantity of labor demanded increases
Economics