If real income is 250b and the amount of domestic absorption is 322b, what is the current account balance?
A) The current account deficit is 72b.
B) The current account surplus is 72b.
C) The current account deficit is 572b.
D) The current account surplus is 572b.
A
You might also like to view...
In response to a surplus the market price of a good will fall; as the price falls, the quantity demanded will increase and quantity supplied will decrease until equilibrium is reached
Indicate whether the statement is true or false
The deadweight loss caused by the monopoly market structure is equal to the loss of total surplus resulting from the good being sold by a monopolist rather than in a competitive market
a. True b. False Indicate whether the statement is true or false
Exhibit 7-12 Marginal revenue and cost per unit curves
?
As shown in Exhibit 7-12, the firm will shut down in the short-run at a price below:
A. OA. B. OB. C. OC. D. OD.
According to the per se rule, when would the courts find a monopoly in violation of the Sherman Antitrust Act?
A. Always-monopoly is per se illegal under the rule of reason. B. Only when the monopoly created negative externalities. C. Only when the monopoly engaged in illegal business practices. D. Only when the monopoly charged excessively high prices.