The purchase by a foreign government of an airplane produced in the United States is included in U.S
A) government purchases. B) investment expenditures.
C) consumption expenditures. D) net exports.
D
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Average cost
A. is always larger than marginal cost. B. declines for some range of output, hits a minimum, and then increases. C. is always smaller than marginal cost. D. is total cost/price of the product.
If the United States exports military hardware, what is the effect in the exchange market? a. It will increase the supply of U.S. dollars
b. It will decrease the supply of U.S. dollars. c. It will increase the demand for U.S. dollars. d. It will decrease the demand for U.S. dollars.
If an economy's population grows at 3 percent and income grows at 4 percent, then
a. per capita income is declining b. the economy's standard of living is decreasing c. per capita income is negative d. per capita income is growing e. human capital per capita is increasing
Expenditures for services such as tourism, income for foreign investment, and foreign gifts are tabulated in the:
a. official reserve account. b. current account. c. capital account. d. goods account.