In the balance of payments, any transaction that leads to a receipt by a resident of a country or its government is a(n)
A) asset.
B) minus item.
C) deficit item.
D) surplus item.
Answer: D
Economics
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A production goal may be set too high by upper management because
a. they are unsure about the actual costs of production b. they under-estimate the difficulty of meeting a goal c. division managers over-state the difficulty of meeting the goal d. all of the above
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Demand for Resources is _________
Fill in the blank(s) with the appropriate word(s).
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A monopolistic market has
a. only one seller b. at least a few sellers c. many buyers and sellers d. firms that are price takers e. none of the above
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The increase in welfare in both countries that results from specialization and trade is called:
A. deadweight gain. B. exportation surplus. C. gains from trade. D. surplus enhancement.
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