Which of the following is a credit in the U.S. current account?
a. A U.S. consumer buys a TV made in Malaysia
b. Singapore Airlines buys a jumbo jet made in the United States.
c. British investors purchase U.S. government bonds.
d. An American citizen flies to Lithuania on the Lithuanian Airlines.
b
Economics
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Short-run average cost exceeds long-run average cost only when there are economies of scale
Indicate whether the statement is true or false
Economics
Suppose a professor gives up her teaching job to devote her time to writing textbooks. If salaries of professors rise,
a. her accounting profit will rise b. her accounting profit will fall c. her explicit costs will rise d. her economic profit from textbooks will fall e. her economic profit from textbooks will rise
Economics