To know whether a particular situation for a family, business, or government involves an equilibrium or not, one must

A) understand the circumstances fully.
B) determine whether the accounts are in balance.
C) determine whether the credits equal the debits.
D) determine whether a particular portion of the accounts are in balance or not.

A

Economics

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The marginal benefit of an activity is i. the benefit from a one-unit increase in the activity. ii. the benefit of a small, unimportant activity. iii. measured by what the person is willing to give up to get one additional unit of the activity

A) i only B) ii only C) iii only D) i and iii E) ii and iii

Economics

International trade decreases the demand for workers in domestic industries that

A) produce goods that are exported from the country. B) produce the goods in which the nation has a comparative advantage. C) help businesses import and export. D) produce goods that also are imported into the country. E) service imported goods.

Economics