An increase in U.S. official reserve assets is entered in the U.S. balance of payments accounts as a
a. credit.
b. debit.
c. current account item.
d. None of the above
B
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The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is $200 and workers cost $10 per hour. The average fixed cost of producing 25 baseball hats per hour is
A) $1.60 B) $8.00. C) $9.60. D) More information is needed to answer the question.
Cost-of-service-regulation sets prices by considering
A) the actual variable cost of providing the service to the customer. B) the actual total cost of providing the service to the customer. C) the actual average cost of providing the service to the customer. D) the actual marginal cost of providing the service to the customer.
Each point of a firm's supply curve represents a price-quantity pair where:
A. MC = MR. B. P = min ATC. C. P = min AVC. D. MC = ATC.
_____ is the primary reason that explains why some nations are richer than the others
a. A democratic government b. A strong judicial system c. Access to education d. Private ownership e. A stable currency