Since 2001, the U.S. government budget deficit

A) has been approximately equal to 10% of U.S. GDP.
B) as a percentage of U.S. GDP has increased steadily each year.
C) as a percentage of U.S. GDP has decreased steadily each year.
D) none of the above.

D

Economics

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Italy has a comparative advantage in which product?

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In Figure 23.1, for a good with no externality, which area represents the total revenue to the producer? 

A. 0BCQ* B. BP*C C. 0P*CQ* D. AP*C

Economics