An accounting identity is
A) when the balance of payments is running a surplus or deficits.
B) when the balance of trade is in surplus or deficit.
C) an expression of values that are equivalent by definition.
D) special drawing rights.
Answer: C
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Refer to Table 9-14. The percentage change in real average earnings from 1965 to 2010 equals
A) 2.0 percent. B) 19.7 percent. C) 24.6 percent. D) 80.3 percent.
Those who think that a popular investment is necessarily a good investment often find themselves earning low returns.
Answer the following statement true (T) or false (F)
An entrepreneur is willing to bring a supply of goods to the market if expected:
A. average total cost is greater than expected price. B. average revenue is equal to expected price. C. price and expected average total cost are equal. D. price is greater than expected average total cost.
Which location would have the highest net primary productivity?
A. CHILE B. CHINA C. COLOMBIA D. COMOROS