In 2011, the U.S. experienced
a. both current account and financial account deficits.
b. a deficit in the current account and a surplus in the financial account.
c. a surplus in the current account and a deficit in the financial account.
d. a surplus in both the current account and the financial account.
b. a deficit in the current account and a surplus in the financial account.
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If tax rates in a country increase, ________
A) the unemployment rate in the country will fall B) the gross domestic product of the country will decrease C) the country's expenditure on consumption will increase D) the aggregate price level of the country will rise
With regard to preventing entry, if identical firms act simultaneously,
A) they cannot credibly threaten each other. B) they will all incur losses. C) only one firm will enter the market. D) none of them will enter the market.
Consider a firm that produces 500,00 . units per year. The firm's fixed costs are $100,000 . marginal costs are $250 and the price per unit is $400 . In the short-run, how low can price go before it is profitable to shut down?
a. $150 b. $250 c. $250.20 d. $400
The utility associated with the payoffs in a risky situation increases ____________ than the dollar value of these payoffs
Fill in the blank(s) with the appropriate word(s).