When a nation is said to be running a balance of payments surplus, this means its

A) official settlements balance is positive.
B) trade balance is positive.
C) net financial account balance is positive.
D) current account is positive.

A

Economics

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Which of the following is NOT a determinant of demand?

a. production technology
b. consumers' tastes
C. prices of other goods
d. consumers' incomes

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Whenever marginal cost is below average cost, average cost must fall as output increases

a. True b. False

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