What types of international transactions are recorded in the balance of payment accounts?
What will be an ideal response?
Three types: transactions that involve exports and imports of good and services; transactions that involve the purchase or sell of financial assets; and exports and imports of good and services; other activities resulting in transfer of wealth between countries which are recorded in the capital account.
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Ifinstead the NAAQS were legislated to achieve efficiency, find the efficeint abatement level(AE) for sulfur dioxide.
Suppose that the MSB and MSC of abating sulfur dioxide are as follows. Use these functions to answer parts (a) and (b) below. MSB = 32 – 0.2A MSC= 16 + 0.2A
Based on the figure above, international trade leads to
A) a net gain in surplus of $12.5 billion. B) a net loss of surplus of $12.5 billion. C) a net gain in surplus of $27.5 billion. D) a net loss of surplus of $15 billion. E) no net gain or loss of surplus.
_______ ensure that resources are allocated to where they are most highly valued
a. Communist governments b. Consumers c. Suppliers d. Non-governmental organizations e. Markets
Violations of the law of demand are assumed to occur
a. regularly. b. only when goods are Giffen goods. c. only when the substitution effect dominates the income effect. d. All of the above are correct.