The purpose of the statistical discrepancy line item is to ______.
a. obtain a net balance of zero dollars for the unilateral transfers
b. sum the difference between service exports and service imports
c. obtain a net balance of zero dollars for the balance of payments
d. ensure that the financial account balance is zero dollars
c. obtain a net balance of zero dollars for the balance of payments
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In the prisoner's dilemma game:
A. if players can communicate in advance, they will always cooperate. B. if players can communicate in advance, they may still not cooperate. C. will always choose to cooperate. D. will only cooperate if they are trustworthy.
Which of the above diagrams illustrate(s) the effect of a decline in the price of personal computers on the market for computer software?
A. A only B. B only C. A and D D. D only
Economists use the term "financial markets" to mean the markets in which
A) households supply their labor services. B) the government borrows to fund any budget surplus. C) firms supply their goods and services. D) firms purchase their physical capital. E) firms get the funds that they use to buy physical capital.
A rational person maximizes
A) risk. B) return. C) expected utility. D) return variance.