Opportunity costs are
A) always marginal costs.
B) never marginal costs.
C) not related to marginal costs.
D) sometimes marginal costs.
E) sunk costs.
A
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The primary current deficit is
A) current expenditures - tax revenues. B) current expenditures + transfers + net interest - tax revenues. C) current expenditures - net interest - tax revenues. D) current expenditures + transfers - tax revenues.
The longer the time period considered, the more the elasticity of supply tends to _______.
a. decrease b. remain constant c. increase d. converge to zero
One of the 20th century's worst episodes of inflation occurred in
a. the United States in the 1960s. b. Italy in the 1950s. c. Russia in the 1930s. d. Germany in the 1920s.
When a foreign resident increases her holdings of a U.S. financial asset, the
A. financial account of the U.S. balance of payments will be debited. B. financial account of the U.S. balance of payments will be credited. C. current account of the U.S. balance of payments will be credited. D. current account of the U.S. balance of payments will be debited.