Technically, our balance of payments always has a balance of __________.
What will be an ideal response?
0 (zero)
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In short-run equilibrium, a perfectly competitive firm
A. may earn a profit or a loss. B. always earns a profit. C. never earns a profit. D. earns a profit only if the firm has no fixed cost.
Who are the only ones not affected when a Pigouvian subsidy is implemented for a positive externality in a market?
A. Producers B. Consumers C. Those affected by the externality D. All of these groups are affected when it becomes internalized.
According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant
a. True b. False Indicate whether the statement is true or false
The very poorest LDCs have relatively
A. low rates of economic growth and relatively high rates of population growth. B. high rates of economic growth and relatively low rates of population growth. C. low rates of both population growth and economic growth. D. high rates of both population growth and economic growth.