The current account section in a nation's balance of payments includes:
A. its goods exports and imports, and its services exports and imports.
B. foreign purchases of domestic assets.
C. purchases of foreign assets.
D. all of these.
A. its goods exports and imports, and its services exports and imports.
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Refer to Table 1-1. What is Lydia's marginal cost if she decides to stay open for an extra two hours instead of one hour?
A) $10 B) $20 C) $25 D) $40
Foreign repercussions of changes in domestic imports cause the true domestic spending multiplier to be less than 1/(MPS+MPI)
a. True b. False Indicate whether the statement is true or false
One of the key criteria used to distinguish among different economic systems is:
a. how are allocation decisions made. b. when are allocation decisions made. c. where are allocation decisions made. d. what allocation decisions are made.
A firm produces and sells two goods, A and B. Good A is known to have many close substitutes; good B makes up a significant portion of most families' budgets. A price increase for each good would most likely cause total revenues from good A to
A. decrease and total revenues from good B to increase. B. increase and total revenues from good B to increase. C. decrease and total revenues from good B to decrease. D. increase and total revenues from good B to decrease.