The financial account is the record of a country's international transactions involving purchases or sales of financial and real assets
Indicate whether the statement is true or false
true
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All points below the budget line are
A) inferior to every point on the budget line. B) preferred to every point on the budget line. C) affordable. D) Answers A and C are correct.
In the long-run, in a monopolistically competitive market:
a. marginal revenue is greater than average revenue. b. price equals marginal cost. c. price equals minimum average total cost. d. the firms earn positive economic profits. e. resources are inefficiently allocated .
A government report that makes working in a particular industry less attractive to workers will most likely ________ the number of workers hired in that industry, and ________ the wage paid to those workers.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease
A patent is a legal device which prevents
A. others from copying an invention. B. a company from charging whatever it likes for its product. C. companies from charging unreasonable amounts for their invention. D. others from copying music and books without author permission.