The current account surplus is not
A) the trade balance.
B) the excess of national savings over investment.
C) private saving less government deficit.
D) output less taxes and trade deficit.
D
You might also like to view...
Private goods are excludable and nonrival in consumption
a. True b. False
Which of the following is a disincentive to leave welfare?
a. decrease in real income b. lower taxes c. higher incomes d. All of these.
Graphically, a firm's total revenue is represented by the:
a. triangle formed under the demand curve. b. rectangle formed under the demand curve at a given price and quantity combination. c. rectangle formed under the average-total-cost curve at a given ATC and quantity combination. d. triangle formed by a line segment between the demand and average-total-cost curves at any level of output. e. triangle formed by a line segment between the horizontal axis and the average-total-cost curves at any level of output.
The regulation of natural monopolies is common in which of the following industries?
A. Electricity B. Tobacco C. Oil D. Alcohol