Our capital account balance in 2009 was a
A. surplus of about $500 billion.
B. surplus of about $400 billion.
C. deficit of about $500 billion.
D. deficit of about $700 billion.
B. surplus of about $400 billion.
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Suppose the figure below shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist. The socially optimal level of output is ________ units per day.
A. G B. F C. H D. I
The risk that the party on the other side of a financial transaction fails to meet its obligation is called
A) credit risk. B) currency risk. C) counterparty risk. D) leverage.
An indifference curve has a negative slope because movement along the curve requires the consumer to give up the:
a. marginal utility of one good. b. total utility of one good. c. marginal substitution value (MSV). d. marginal transitivity of one good.
According to new growth theory, discovering and implementing new __________ is what causes economic growth
A) ways of managing personnel B) manufacturing techniques C) ideas D) resource sources E) none of the above