Which of the following is a balance of payments account?
i. current account
ii. past account
iii. capital and financial account
A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
D
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In the long run, a monopolistically competitive firm ________ make an economic profit and a monopoly ________ make an economic profit
A) can; can B) can; cannot C) cannot; can D) cannot; cannot
Compromise between the desire to facilitate international trade and the need to give domestic governments latitude to govern their economies is called
a. economic structuralism. b. embedded liberalism. c. reciprocity. d. voluntary export restraint.
Table 21.4Output (Units per Day)Total Cost (Dollars per Day)016130242358478At 4 units of output in Table 21.4, the total variable cost is
A. $5.00. B. $19.50. C. $20.00. D. $62.00.
Refer to the information provided in Table 19.3 below to answer the question that follows.
Table 19.3 
Refer to Table 19.3. The tax rate structure in this example is
A. proportional. B. progressive. C. regressive. D. marginal.