The United States is a ________ nation because it pays ________ in interest to the rest of the world than it receives in ________ from the rest of the world

According to this Application, the policies used by the European Union to support the agricultural sectors of its member countries created excess supply. Excess supply can be generated if a government establishes a

A) price ceiling above the market equilibrium price. B) price ceiling below the market equilibrium price. C) price floor above the market equilibrium price. D) price floor below the market equilibrium price.

If your nominal income in 2014 was $50,000, and prices doubled between 2014 and 2017, to have the same real income, your nominal income in 2017 must be

A) $50,000. B) $75,000. C) $90,000. D) $100,000.