The capital account is
A) the reserve assets created by the International Monetary Fund for countries to use in settling international payment obligations.
B) the price of one nation's currency in term of the currency of another country.
C) a category of the balance of payments transactions that measures flows of real and financial assets.
D) a category of the balance of payments transactions that measures the exchange of merchandise, the exchange of services, and unilateral transfers.
C
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The marginal utility of a unit of good Y to Jane is
A. the additional utility that Jane gets from consuming one more unit of Y. B. defined in money terms as the minimum amount Jane is willing to pay for that additional unit of Y. C. defined in money terms as the maximum amount Jane is willing to pay for all the Y she buys except that additional unit. D. All of the responses are correct.
Firms cannot resemble
A) incomplete contracts. B) democracies. C) an organization without externalities. D) a benevolent dictator.
The software industry has traits in common with monopoly markets
a. True b. False Indicate whether the statement is true or false
A deferred payment scheme is more likely to be accepted by a worker if
A) the firm has a reputation of not firing senior employees to save pension costs. B) the worker is very young. C) the worker is very old. D) None of the above.