If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:

A. short-run supply shock.
B. long-run supply shock.
C. long-run demand shock.
D. short-run demand shock.

Answer: B

Economics

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The distribution of poverty is determined by changing demographic patterns and discrimination

Indicate whether the statement is true or false

Economics

Which of the following is a surplus item in the U.S. current account?

A) The U.S. government reduces the tariff rates on some imported goods. B) IBM pays dividends to British shareholders. C) Finn vodka becomes more popular in the United States. D) The U.S. government cuts back on military personnel stationed in S. Korea.

Economics