Net exports are the sum of
A) the current account balance and capital account balance.
B) the balance of payments accounts.
C) exports and imports.
D) the private sector balance and the government sector balance.
E) the current account balance and the official settlements account balance.
D
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Most economists agree that the measured unemployment rate tends to ________ the unemployment problem
A) overstate B) understate C) accurately represent D) There is little agreement among economists regarding this issue.
A firm's cost of production equals ________
A. all the costs paid with money, called explicit costs B. the implicit costs of using all the firm's own resources C. all explicit costs and implicit costs, excluding normal profit D. the costs of all resources used by the firm whether bought in the marketplace or owned by the firm