If U.S. net exports are negative,
a. U.S. consumers are spending less on foreign goods than foreign consumers are spending on U.S. goods
b. U.S. consumers are spending more on foreign goods than foreign consumers are spending on U.S. goods
c. the government must promote imports to balance international trade
d. U.S. consumers are spending more on foreign goods than they are spending on U.S. goods
e. U.S. disposable income is low
B
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_____ gives the slope of an isocost line where labor (L) and capital (K) are the two inputs measured on the X and Y axes respectively
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