The sum of all of debit items in the balance of payments
A. equals "compensating" transactions.
B. equals the errors and omissions.
C. equals the overall balance.
D. equals the sum of all credit items.
Answer: D
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Which of the following statements is true?
A) In the long run, the average cost curve is always downward sloping. B) In the long run, the quantities of all inputs are fixed. C) In the long run, the firm's fixed costs are greater than its variable costs. D) In the long run, all costs are variable costs. E) In the long run, the total variable cost equals the total fixed cost.
Using average cost pricing to regulate a natural monopoly creates a deadweight loss
Indicate whether the statement is true or false
If the demand for a monopoly's output shifts rightward, the change in quantity produced is
A) positive. B) negative. C) zero. D) not predictable.
The value that society places on consumption that is sacrificed in the present is called
A. social marginal costs. B. social marginal damages. C. social rate of discount. D. social returns.