If you compare the balance of payments accounts of Japan, China, Pakistan, and Romania, you may be surprised to see that they all
a. have the same exchange rates
b. have current accounts that add up to zero
c. have current accounts that add up to one
d. add up to zero
e. are recorded in U.S. dollars
D
You might also like to view...
The Coase theorem applies to cases where _____
a. transactions costs are high b. transactions costs are obvious c. transactions costs are zero d. transactions costs are difficult to figure out
If Sarah decides not to hit Tom, what would Tom's best response be
a. Tell b. Not tell c. Run d. Hide
The most narrow measure of money is:
a. M1 b. M2 c. M3 d. Cash
Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. As you increase your production of t-shirts, your average fixed cost ________ and your marginal cost ________.
A. decreases; increases B. increases; decreases C. stays the same; increases D. decreases; stays the same