A nation's balance of trade on goods is equal to its exports of goods less its imports of:
A. Goods
B. Capital
C. Financial assets
D. Official reserves
A. Goods
You might also like to view...
Suppose you are testing the statistical significance (at the 1% significance level) of a parameter estimate from the regression model: M = a + bR + cIwhich is estimated using a cross-section data set on 22 firms. The critical value of the appropriate test statistic is
A. tcritical = 2.845. B. Fcritical = 5.93. C. tcritical = 2.861. D. Fcritical = 19.44. E. tcritical = -2.845.
Suppose Argyle Sachs has to choose between building a smaller sweater factory and a larger sweater factory. In the following graph, the relationship between costs and output for the smaller factory is represented by the curve ATC1, and the relationship
between costs and output for the larger factory is represented by the curve ATC2. a. If Argyle expects to produce 3,600 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain? b. If Argyle expects to produce 5,000 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain. c. If the average cost of producing sweaters is lower in the larger factory when Argyle produces 6,500 sweaters per week, why isn't it also lower when Argyle produces 4,000 sweaters per week?
Behavioral economists examine choices that consumers make that are not economically rational
Economists generally assume that people are rational; that is, they weigh the benefits and costs of an action and choose an action only if the benefits outweigh the costs. Why do consumers not act rationally when the result is that they make themselves worse off?
Some international negotiations have been characterized as pitting rich nations against poor ones, yet often the countries we call developing are not all on the same side of an issue
What are some differences among developing countries that may account for this lack of harmony?