An improvement in a country's balance of payments means a decrease in its balance of payments deficit, or an increase in its surplus. In fact we know that a surplus in a balance of payments
A) is always beneficial.
B) is usually beneficial.
C) is never harmful.
D) is sometimes harmful.
E) is always harmful.
D
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Advertising provides consumers with information about the underlying existence or quality of a product. These types of advertising messages are called
A. green advertising. B. influential advertising. C. persuasive advertising. D. informative advertising.
Which of the following holds true?
A. There is no relationship between AP and AVC. B. When MP is rising AVC is falling, and when MP is falling AVC is rising. C. When AP is rising AVC is falling, and when AP is falling AVC is rising. D. When AP is rising AVC is rising, and when AP is falling AVC is falling.
Which one of the following statements is FALSE?
A. In order to entice producers to offer more of a product on the market for sale, product price must rise. B. There is some price at which quantity supplied of a product is zero. C. There is an inverse (negative) relationship between product price and quantity supplied. D. As product price increases, producers are willing to put more of the good on the market for sale.
Describe the relationship between the size of the MPC and the multiplier. How does it compare to the relationship between the size of the MPS and the multiplier?
What will be an ideal response?