One way that countries can settle international payment obligations is
A) to run a balance of payments surplus.
B) to run a balance of payments deficit.
C) to use special drawing rights.
D) to stop trading.
C
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If a single firm can meet the entire market demand at a lower average total cost than a larger number of smaller firms, the single firm is
A) price discriminating. B) a natural monopoly. C) a legal monopoly. D) efficient when profit maximizing. E) an ownership-of-the-market monopoly.
In recent years defense expenditures has fallen as a share of federal government outlays
a. True b. False
The equation 
is the
A. average propensity to consume. B. average propensity to save. C. marginal propensity to consume. D. marginal propensity to save.
Where marginal cost is less than average cost,
A. opportunity cost must have been excluded from the calculation of marginal cost. B. marginal cost must be falling. C. marginal cost must be rising. D. marginal cost may be rising, falling, or constant.