Which of the following is NOT a deficit item on a country's balance of payments?
A) gold sales to foreigners
B) imports
C) a personal gift to a foreign individual
D) none of the above
Answer: D
Economics
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In the above figure, between 20 and 25 units per hour, the firm experiences
A) economies of scale. B) diseconomies of scale. C) constant returns to scale. D) increasing total fixed costs.
Economics
Refer to Figure 7-2. At the market equilibrium, the deadweight loss is equal to
A) $0. B) $500,000. C) $1,000,000. D) $2,000,000.
Economics