U.S. investment earnings from foreign assets minus foreigners' earnings from their U.S. assets is
a. the merchandise trade balance
b. net unilateral transfers abroad
c. the balance on good and services
d. net investment from abroad
e. the financial account
D
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In the above figure, the efficient amount of output is ________ units
A) 25 B) 50 C) 75 D) 100
Gilligan runs the only dry-cleaning business on a desert isle. If the cost of cleaning fluid falls, he can increase profit by
a. raising price b. charging the highest price he can c. using less cleaning fluid d. lowering price e. charging a price equal to marginal cost
Which of the following is the least likely to influence the natural rate of unemployment?
a) monopolies in the goods market b) labor unions c) payroll taxes d) unemployment insurance benefits e) monetary policy
In long-run equilibrium, a monopolistically competitive firm is producing at a point on its average total cost curve where:
a. price equals marginal cost. b. price equals average total cost. c. price equals marginal revenue. d. marginal revenue equals average total cost.