The official settlement balance
A) is an amount that the IMF requires each member country to pay annually.
B) must by definition always be zero.
C) equals the current account balance divided by the capital account balance.
D) equals the net increase in a country's official reserve assets.
D
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As the cost of resources goes up, producers ________ production, which drives prices ________
A) increase; up B) increase; down C) decrease; up D) decrease; down
In order to achieve an efficient result a pollution tax must:
A. be equal to the external cost generated. B. not be passed through to the consumers of the produced good. C. be equal to the social cost of production. D. be shared equally by the producer and the consumer of the produced good.
What has been the range of the decline in real output for U.S. recessions since 1950?
A. -10.0 percent to -14.9 percent B. -15.0 percent to -19.9 percent C. -5.0 percent to -9.9 percent D. -0.1 percent to -4.9 percent
In the short run average costs eventually ________ because of diminishing returns, and in the long run average costs eventually ________ because of diseconomies of scale.
A. decrease; decrease B. decrease; increase C. increase; increase D. increase; decrease