Which of the following would contribute to a U.S. balance of payments surplus?
A. The United States makes a unilateral tariff reduction on imported goods.
B. General Motors pays a dividend to a Swiss stockholder.
C. The United States cuts back on U.S. military personnel stationed in Germany.
D. Russian vodka becomes increasingly popular in the United States.
C. The United States cuts back on U.S. military personnel stationed in Germany.
Economics
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A firm's total revenue minus its total opportunity cost is called its
A) accounting profit. B) normal profit. C) economic profit. D) abnormal profit. E) entrepreneur's profit.
Economics
The MC = MR rule for profit maximization applies to monopolists, as well as to firms in perfect competition
Indicate whether the statement is true or false
Economics