All of the following are surplus items in the balance of payments EXCEPT
A) purchases of foreign assets.
B) exports of merchandise.
C) foreign tourist expenditures.
D) funds deposited in this country by foreign residents.
A
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If there is a direct relationship between two variables
A) the graph of the relationship will be upward-sloping. B) the graph of the relationship will be downward-sloping. C) the slope of the line (or the slope of a tangent line to the curve) will be negative. D) Both answers A and C are correct.
Why is it difficult to determine whether an industry is operating efficiently when there is rapid technological process underway?
What will be an ideal response?
The fast-food industry in the U.S. consists of many firms, but despite that it can still be viewed as an oligopoly because the top few firms control a significant share of the market
Indicate whether the statement is true or false
Along an indifference curve for goods X and Y, the vertical and horizontal axes measure the:
a. prices of X and Y. b. total utilities of X and Y. c. quantities of X and Y. d. marginal utilities of X and Y.