The current account in a nation's balance of payments accounts includes
a. exports of U.S. computers
b. imports of German automobiles.
c. purchases of foreign stocks.
d. Both a and b
e. All of the above
D
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In actual financial markets, securities are __________ divisible, which __________ a type of market imperfection
A) perfectly, is B) perfectly, is not C) imperfectly, is D) imperfectly, is not
Suppose an increase in symphony tickets prices reduces the total revenue. This is evidence that demand is:
a. price elastic. b. price inelastic. c. unitary elastic. d. perfectly elastic.
If a single firm in a price-taker market lowers its price below the market equilibrium price,
a. it will get a larger share of the market. b. it will lose revenue without increasing the quantity it can sell. c. other firms will lower their prices. d. other firms will be driven out of the industry.
When marginal product is negative, the slope of the total product curve must be negative.?
Indicate whether the statement is true or false.