The above table shows some of the balance of payments accounts for Urland. What is Urland's balance in the official settlements account?
A) $405 billion
B) $62 billion
C) $99 billion
D) $37 billion
B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
A Nash equilibrium occurs when each player in a game takes the ________ given the action of the other player
A) worst possible action for himself or herself B) best possible action for himself or herself C) most unpredictable possible action D) most mutually beneficial possible action E) best possible action for the other player
For firms that sell one product in a perfectly competitive market, average revenue will:
A. decrease if marginal revenue is greater than it. B. increase if marginal revenue is greater than it. C. always be the same as marginal revenue. D. always be greater than average total cost.
Choosing not to attend a concert so that you can study for your exam is an example of a tradeoff
a. True b. False Indicate whether the statement is true or false