The largest portion of any nation's balance of payments current account is the

A) importing and exporting of merchandise goods.
B) importing and exporting of services.
C) importing and exporting of gold.
D) importing and exporting of capital goods.

Answer: A

Economics

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Assume that at the current level of output produced by a perfectly competitive firm, MR = $7.50 and MC = $6. In order to maximize its profit, the firm should increase output

Indicate whether the statement is true or false

Economics

Fred receives $14,000 per year from the federal government because he is disabled. This is a

A) demerit good. B) transfer payment. C) non-rival good. D) free rider problem.

Economics