A nation with an official settlements balance of -$100 billion is likely to experience a:
A) balance of payments surplus and accumulate $100 billion in international reserves
B) balance of payments deficit and accumulate $100 billion in international reserves
C) balance of payments surplus and a decline of $100 billion in international reserves
D) balance of payments deficit and a decline of $100 billion in international reserves
D
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Refer to Table 8.3 . Assume the price of labor is $5.00 and the price of capital is $10.00 and the firm's fixed costs are $15
What production technique will be used to produce the first unit of output? The second? The third? What are the firm's total variable costs, total costs, and marginal costs of producing one unit of output? Two units of output? Three units of output?
Leisure includes all of the following except
A) sleep. B) home yardwork. C) market work. D) recreational activities.