An American insurance company hires a call center in India to handle customer service calls in order to cut costs. Other things equal, this will ________ of the United States
A) decrease the financial account balance
B) decrease net exports
C) decrease the capital account balance
D) increase the current account balance
B
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The relationship between professional basketball players and the owners’ association is an example of a bilateral monopoly.
Answer the following statement true (T) or false (F)
This table shows the demand and supply schedule of a good.
According to the table shown, at a price of $1.00:
A. a shortage will exist.
B. a surplus will exist.
C. more is being supplied than demanded.
D. the market is in equilibrium.
Refer to the above graph for a firm in pure competition. Line A represents:
A. average revenue. B. total revenue. C. average total cost. D. average fixed cost.
Under which of the following assumption can activist policies have sizable effects on aggregate demand?
A. infrequent information updates B. rational inattention C. habit formation among people D. all of these