The table above gives data for the nation of Syldavia. The current account has a
A) balance of $320 billion.
B) $40 billion surplus.
C) $40 billion deficit.
D) $50 billion deficit.
E) $30 billion deficit.
C
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The United States truly became a mass consumption society in
A. the early 1900s. B. the 1920s. C. the 1940s. D. the 1960s.
Refer to Figure 8.1. If Charla and Mirna agree to pay each other $350 to install the pollution-control device on their heating systems, the Nash equilibrium would be found when Charla plays ________ and when Mirna plays ________
A) Install; Install B) Install; Don't Install C) Don't Install; Install D) Don't Install; Don't Install
If a firm's average cost is currently $100, and the marginal cost is $95, then the average cost is currently falling
a. True b. False Indicate whether the statement is true or false
Which of the following is true any place on the production possibilities curve?
a. Producing more of one item creates less of the other. b. Both items must be produced in equal volumes. c. Only one item may be produced at a time. d. No items can be produced if there is inefficiency.