The account which records a nation's foreign economic transactions is called the:
a. Exchange Market.
b. Trade Account.
c. Balance of Payments.
d. T account.
c
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The basic trade-off in valuing any asset is between:
A. amount of risk and rate of return. B. rate of return and length of loan. C. amount of risk and length of loan. D. rate of return and amount of loan.
A monopolist
A. faces an upward sloping demand curve. B. faces a vertical demand curve. C. is a price searcher. D. is a price taker.
As an individual consumes more of a product within a given period of time, it is likely that each additional unit consumed will yield
A. the same amount of satisfaction. B. successively less satisfaction. C. successively more satisfaction. D. less satisfaction for a while and then start to add more satisfaction.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the
A. 30 LCD televisions that must be forgone to produce 60 additional OLED televisions. B. 90 LCD televisions that must be forgone to produce 20 additional OLED televisions. C. 30 LCD televisions that must be forgone to produce 20 additional OLED televisions. D. 120 LCD televisions that must be forgone to produce 40 additional OLED televisions.