The term "balance of payments" refers to a nation's:

a. goods exports minus imports. b. record of all international transactions.
c. capital inflows minus outflows. d. official reserves inflows minus outflows.

b

Economics

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What is the cost of producing an additional unit of output?

a. the firm's marginal cost b. the firm's variable cost c. the firm's productivity offset d. the firm's average variable cost

Economics

Suppose the labor force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed. The labor force participation rate will

A) decrease. B) remain constant. C) increase. D) not change in a way that can be predicted.

Economics