Which one of the following, other things equal, will directly alter the U.S. balance of trade?
A. An increase in the balance on capital account.
B. A decrease in U.S. goods exports.
C. An increase in net transfers.
D. A decrease in U.S. purchases of assets abroad.
B. A decrease in U.S. goods exports.
Economics
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A market failure arises when an entire sector of the economy (for example, the airline industry) collapses because of some unforeseen event
Indicate whether the statement is true or false
Economics
Which of the following is NOT considered to be a factor in the determination of a person's marginal productivity?
A) innate abilities such as high intelligence B) investment in human capital such as education C) on-the-job training D) the elasticity of supply of labor
Economics