The difference between the value of a country's merchandise exports and merchandise imports is known as the balance:
a. of payments
b. of trade.
c. on current account.
d. on capital account.
b
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The figure above shows a labor market. If there is a monopsony in this labor market, the wage rate is
A) $4 per hour. B) $6 per hour. C) $8 per hour. D) $10 per hour.
Higher prices for scarcer resources can improve the efficiency of an economy.
Answer the following statement true (T) or false (F)
Discuss the key criteria for success and the advantages of a central bank adopting the framework of inflation targeting.
What will be an ideal response?
What is the difference between an “all or nothing” decision and one that involves marginal thinking?
a. how much of something to do versus how complicated it is b. whether to do something versus how much of it to do c. how important the matter is versus how complicated it is d. whether to do something versus how important it is