Refer to the given data. Zabella's balance on financial account shows a:
Answer the question on the basis of the following 2012 balance of payments data (+ and -) for
the hypothetical nation of Zabella. All figures are in billions of dollars.
A. deficit of $10 billion.
B. surplus of $5 billion.
C. deficit of $28 billion.
D. surplus of $13 billion.
A. deficit of $10 billion.
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The modification of manufacturing processes so as to reduce the resulting environmental damage is an endeavor that requires capital investment, labor inputs, and technology. What then follows from this statement?
A) Economic growth can benefit the environment. B) Environmental damage is a regrettable but necessary side effect of economic growth. C) The condition of the environment will be better in slower-growing countries. D) The way to reduce pollution is to educate people about its effects.
The short-run supply curve of a perfectly competitive firm is: a. the average variable cost curve
b. the average total cost curve. c. the same as the demand curve. d. marginal cost above average variable cost.