The table above gives some of the balance of payments accounts of the United States in 2019
a. What is the current account balance?
b. What is the capital and financial account balance?
c. What is the official settlements account balance?
d. What is the balance of all account payments?
a. The current account balance is $345 billion.
b. The capital and financial account balance is -$350 billion.
c. The official settlements account balance is $5 billion.
d. The balance of all account payments is zero.
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If the single restaurant in an Eastern Kentucky town is currently charging a price for its ham and eggs where the demand is unit elastic, its marginal revenue for ham and eggs is
A) negative. B) positive. C) zero. D) maximized. E) undefined.
The category of GDP called gross private domestic investment includes
A. all purchases of capital goods. B. all exports of goods and services. C. purchases made by private individuals. D. inventories held over from previous years.
Refer to the table at right. If the price is? $6, the perfectly competitive firm should produce
A. 107 units
B. 104 units
C. 106 units
D. 105 units
According to the theory of comparative advantage, a country should
A. specialize in and export goods with the lowest opportunity cost. B. specialize in and export goods with the lowest production cost. C. specialize in and export goods with the lowest average cost. D. specialize in and export goods with the highest opportunity cost.