A country's financial account balance decreases if
A) its current account balance increases.
B) its income payment inflows on foreign assets decrease.
C) its domestic residents working abroad reduce the income they send home to their families.
D) foreigners increase their purchases of its existing assets.
A
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A firm that practices group price discrimination will set the lower price in the market that has the most elastic demand
Indicate whether the statement is true or false
Which of the following is not a technical barrier to entry in a monopolized market?
a. A patent b. Decreasing average cost c. A low cost method of production known only by monopolists d. Increasing returns to scale
Models are simplifications that are used to observe the workings of a system.
Answer the following statement true (T) or false (F)
Effective price floors keep market price
A. above the equilibrium price and create surpluses. B. above the equilibrium price and create shortages. C. below the equilibrium price and create surpluses. D. below the equilibrium price and create shortages.