The last year we did not have a deficit in our current account was

The long-run growth in the economy depends on all of the following, except:

a. the growth in productive resources. b. the level of technological development in the country. c. the increase in the availability of inputs. d. the increase in the productivity of inputs. e. the number of economic contractions witnessed in a year.

For which of the following workers would the substitution effect be more likely to outweigh the income effect of an increase in wage?

A. Air traffic controller B. Marketing manager C. Waitress D. Dentist