A country runs a deficit in its current account if:?
What will be an ideal response?
?foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers.
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A concentration ratio gives
A) the average size of the firms in an industry. B) the total sales of four or eight of the mid-sized firms in the industry. C) the percentage of all sales contributed by the four or eight largest firms in the industry. D) the sales of the four largest firms in the industry divided by the sales of the eight largest firms in the industry.
Which of the following is true?
A) All of the above are true. B) The parents of successful entrepreneurs almost always have at least a college education. C) Successful entrepreneurs are good at discovering profitable opportunities that have been overlooked by others. D) Entrepreneurs are under-represented among millionaires.
Which of the following is not included in National Income?
A) indirect taxes B) wages and salaries C) net interest D) rental income of persons
Both the International Monetary Fund and the World Bank were established
A. in the 1970s. B. at the end of World War II. C. at the end of World War I. D. at the end of Korean War.