U.S. imports and exports both fell during the first quarter of 2009. The value of these imports and exports would be reflected in the United States
A) capital account. B) current account.
C) exchange rate account. D) financial account.
B
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Market economies are not constrained by scarcity; only planned economies have that problem
a. True b. False Indicate whether the statement is true or false
A duopoly is:
A. an agreement, explicit or implied, between two firms. B. two firms agreeing to act like a joint monopolist. C. an oligopoly with two firms. D. a strategy that benefits both firms.
Refer to the following figure. At what prices are demand curves D1, D2, and D3 unitary elastic?
A. $5; $5; $5; respectively B. $6; $3; $6; respectively C. $17; $6; $5; respectively D. $1; $1; $1; respectively
The normal rate of return on capital is also known as the
A. opportunity cost of capital. B. depreciation cost of capital. C. monopoly rent. D. fixed cost of capital.