Which of the following is included in a nation's current account?
a. Purchases of foreign assets
b. Borrowings from abroad
c. Foreign purchases of U.S. financial assets
d. Investment income receipts
e. Purchases of foreign real property
d
Economics
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Which of the following is ALWAYS true for a perfectly competitive firm?
A) P = MR B) P = ATC C) MR = ATC D) P = AVC
Economics
One drawback to industrial policy is that
a. technology spillovers are too expensive to control. b. measuring the size of spillovers from different markets is difficult. c. spillovers often occur in industries that produce undesirable products for society. d. positive side effects are often outweighed by negative side effects.
Economics