The balance of payments ____
a. b and e
b. is always zero
c. is positive when the nation runs a trade surplus
d. is negative when the nation runs a trade deficit
e. is an itemized account of a nation's foreign economic transactions
a
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In the long run, perfectly competitive firms make zero economic profit, that is, their owners make a normal profit
Indicate whether the statement is true or false
Antitrust laws allow the government to
a. prevent mergers. b. break up companies. c. promote competition. d. All of the above are correct.
Basic research seeks to answer particular questions or to apply scientific discoveries to new product development
Indicate whether the statement is true or false
What country is the world's largest exporter of services?
(A) Germany (B) United States (C) Great Britain (D) Japan