Any transaction that leads to a payment by a country's residents or government is a(n)
A) debt.
B) asset.
C) deficit item.
D) surplus item.
C
You might also like to view...
Intra-industry trade will tend to dominate trade flows when which of the following exists?
A) small differences between relative country factor availabilities B) large differences between relative country factor availabilities C) homogeneous products that cannot be differentiated D) constant cost industries E) uneven distribution of abundant resources between two countries
The price of a firm's product is $6 and the firm faces a constant marginal cost of $4 that is equal to its (constant) average total cost. If the firm does not sell a unit of its product on the day it was produced, it is sold in a secondary market for a price of $3. If the firm does not sell a unit of its product on the day it was produced, there is a ________ of ________ per unit not sold.
A) loss; $2 B) loss; $1 C) profit; $1 D) profit; $2
Which of the following will most likely increase long-run aggregate supply?
a. an increase in the rate of investment b. an increase in resource prices c. an increase in the minimum wage d. an increase in the expected inflation rate
In Figure 22.1, which area represents consumer surplus to the drug addict? 
A. AP*C B. 0P*CQ* C. 0BCQ* D. 0ACQ*