The U.S. balance of payments status may improve when
A) the inflation rate increases in the United States relative to other countries.
B) political instability in other countries increases.
C) the world demand for U.S. products falls.
D) the American government increases its spending on foreign aid.
B
Economics
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________ occurs when economic benefits are distributed fairly
A) Productive efficiency B) Equality C) Allocative efficiency D) Equity
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If a firm produces 20 units of output and incurs a total cost of $1,000 and a variable cost is $700, calculate the firm's average fixed cost of production if it expands output to 25 units
A) $300 B) $15 C) $12 D) It is impossible to determine without additional information.
Economics