Commodities that typically last three years or more are called:
A) durable goods.
B) nondurable goods.
C) services.
D) none of the above.
A
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The data shows that total profit in the U.S. economy
A) has decreased steadily over time. B) is not influenced by the business cycle. C) tends to decrease in recessions, increase in expansions. D) tends to increase in recessions, decrease in expansions. E) tends to increase in even years, and decrease in odd years, although no one can explain why.
A country has a trade deficit. Which of the following must also be true?
a. net capital outflow is positive and domestic investment is larger than saving b. net capital outflow is positive and saving is larger than domestic investment c. net capital outflow is negative and domestic investment is larger than saving d. net capital outflow is negative and saving is larger than domestic investment