If the current account is a deficit of 25 then
(a) the capital account is a surplus of 25.
(b) the cash account is a surplus of 25.
(c) the capital account is a surplus of 25 if the cash account is zero.
(d) the cash account is a deficit of 25
C
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Refer to the scenario above. If the marginal cost of producing the last unit of the good is $40, Nash equilibrium will occur when both firms charge a price of ________
A) $20 B) $40 C) $60 D) $70
When regulating a natural monopoly, the regulating agency should set price equal to marginal cost
a. True b. False
Which of the following quotations illustrates the Tragedy of the Commons?
a. "A bird in the hand is worth two in the bush.". b. "The only difference between the rich and other people is that the rich have more money.". c. "What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others.". d. "Anyone who is not a socialist before he is 30 has no heart; anyone who is still a socialist after he is 30 has no head.".
Recall the Application about low-price guarantees and the prices of tires to answer the following question(s).Recall the Application. A study of the retail tire market suggests that prices are ________ in markets where firms offer low-price guarantees.
A. generally higher B. generally lower C. always lower D. generally unchanged