Which of the following is an argument in support of market power?
A.) Marginal cost pricing.
B.) Economies of scale.
C.) Price fixing.
D.) Predatory pricing.
B.) Economies of scale.
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Use the data in the table below to answer the next question. The data describes a hypothetical economy and are denominated in billions of dollars.Disposable income$200Net private domestic investment40Value of imports15National income300Personal taxes31Net exports9Gross private domestic investment55Net foreign factor income10Statistical discrepancy0This nation's exports are ________.
A. $16 billion B. $24 billion C. $9 billion D. $28 billion
By specializing and trading, a country is able to
A) produce but not to consume combinations of goods that lie beyond its production possibilities frontier. B) consume but not to produce combinations of goods that lie beyond its production possibilities frontier. C) obtain the absolute advantage in the goods it produces. D) both produce and consume combinations of goods that lie beyond its production possibilities frontier. E) neither produce nor consume combinations of goods that lie beyond its production possibilities frontier.
In the above figure, consumption expenditure is shown by flow
A) A. B) B. C) C. D) F.
The official settlements account records the change in ________
A) international trade B) U.S. official reserves C) foreign investment and domestic investment D) the reserves held by banks and the Fed