Technical support provided by an Indian firm to a multinational company headquartered in New York is an example of a(n) ________
A) capital account transaction B) export of services by India
C) transfer payment to the U.S. D) import of services by India
B
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An increase in the equilibrium price and a decrease in the equilibrium quantity can be the result of
A) a decrease in demand. B) an increase in supply. C) a decrease in supply. D) an increase in demand. E) None of the above.
During World War II (1941–45), the market coordinated what the government commanded in terms of production
Indicate whether the statement is true or false
In the open-economy macroeconomic model, the market for loanable funds identity can be written as
a. S = I b. S = NCO c. S = I + NCO d. S + I = NCO
Constant returns to scale are associated with a:
A. horizontal short-run average cost curve. B. horizontal long-run average cost curve. C. downward-sloping short-run average cost curve. D. downward-sloping long-run average cost curve.