During 1970-1997, the U.S. federal government was
A) in deficit every year. B) in surplus every year.
C) in deficit most of those years. D) balanced every year.
A
Economics
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All of the following accurately describes China's currency peg EXCEPT
A) pegging against the dollar ensured that Chinese exporters faced stable prices on exports to the U.S. B) some U.S. firms complained that the peg gave Chinese firms an unfair advantage over U.S. firms. C) the Chinese currency was allowed to depreciate moderately in the years preceding the financial crisis. D) many economists argued that the Chinese currency was undervalued.
Economics
Diminishing marginal returns are the reason why some industries have positively-sloped long-run average cost curves
a. True. b. False.
Economics