More than three-fourths of the unemployed are recent entrants into the labor force

If the world real interest rate were to fall below the rate at which domestic saving and investment would be equal ________

A) saving would be greater than investment so the economy would be running a trade deficit B) investment would be greater than saving so the economy would be running a trade deficit C) investment would be greater than saving so the economy would be running a trade surplus D) saving would be greater than investment so the economy would be running a trade surplus E) none of the above

When a firm is earning zero economic profits

A) accounting profit is zero. B) total revenue is greater than total cost. C) P = ATC. D) P is greater than ATC.