Under a marketable permit system, if the government reduces the quantity of permits, the price of each permit will increase

Education makes workers aware of the latest production techniques and less receptive to new approaches and methods

Indicate whether the statement is true or false

Which of the following is an example of a surplus item on the balance of payments?

A) private gifts to foreign residents B) public gifts to foreign residents C) interest receipts from foreign residents D) purchases of gold from foreign residents