Author Question: Refer to Table 11.1. At the equilibrium level of output, y, what is the trade balance? A) ... (Read 57 times)

KimWrice · **on:** Jun 30, 2018

Refer to Table 11.1. At the equilibrium level of output, y, what is the trade balance?

A) -1,345.00 B) -985.00 C) -276.25 D) -186.25

Question 2

The marginal product of a country's workers increases during summer due to the pleasant weather. Which of the following is likely to happen in this case, assuming all else equal?

A) The country's labor demand curve will shift to the left in summer.
B) There will be a downward movement along the labor demand curve.
C) There will be an upward movement along the labor demand curve.
D) The country's labor demand curve will shift to the right in summer.