Which of the following statements is CORRECT?
A) The United States produces more goods than services.
B) The United States produces more services than goods.
C) The United States produces more agricultural goods than manufactured goods.
D) The United States produces an equal amount of goods and services.
B
Economics
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In an open economy, the government deficit is 400 and investment exceeds saving by 300, so in equilibrium the trade deficit (IM ? X) must be
a. 100. b. 200. c. 300. d. 700.
Economics
A firm produces 60 units of output with 5 workers, 65 units with 6 workers, and 68 units with 7 workers. The firm's production function exhibits diminishing marginal productivity between 5 and 7 workers
a. True b. False Indicate whether the statement is true or false
Economics