The net amount of international reserves that move between governments to finance international transactions is called the ________ balance

The total cost schedule shows the relationship between different amounts of inputs and the resulting level of output

Indicate whether the statement is true or false

According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity demanded because buyers:

a. purchase more complementary goods. b. purchase more substitute goods. c. purchase fewer substitute goods. d. have more real income.