Which of the following statements is correct about the U.S. balance of payments in 2017?
a. Transfer payments from the United States were greater than transfer payments into the United States.
b. A smaller value of goods were imported into the United States than were exported from the United States.
c. The current account balance was greater than the financial account balance.
d. The balance on goods and services was greater than the net balance.
a. Transfer payments from the United States were greater than transfer payments into the United States.
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Suppose the market demand elasticity is constant at -2, and there are three identical firms in the oligopolistic market. A Cournot firm's MPL = 1.2L-0.5, then the labor demand for a Cournot firm is
A) PL-0.5. B) 0.6PL-0.5. C) 0.2PL-2. D) PL-2.
An unregulated market economy provides material wealth but does not generate effective control of environmental damage.
Answer the following statement true (T) or false (F)
Union shops never face competition from substitute labor.
Answer the following statement true (T) or false (F)
One problem of ISI was
A) the failure to consider that government officials may make inefficient decisions. B) the overemphasis on improvements in the rural rather than the urban sector. C) the oversupply of complex technical goods. D) the undervaluation of currencies to promote export growth.