Present consumption supported by large trade deficits may come at the expense of:
A. permanent debt to foreign interests.
B. permanent foreign ownership of formerly U.S.-owned assets.
C. large sacrifices of future consumption.
D. all of these.
D. all of these.
Economics
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Average fixed cost can be calculated using any of the formulas below except
A) TFC/Q. B) (TC/Q) - AVC. C) ?(TC - VC)/?Q. D) (TC - VC)/Q.
Economics
A vertical supply curve exhibits
A) a constant elasticity of supply. B) a perfectly inelastic supply curve. C) Both A and B are true. D) None of the above.
Economics