All points on an indifference curve represent combinations of two goods that are equally desirable to the consumer

If New Yorkers decrease their purchases of French champagne, assuming all else remains constant, this will ________ of the United States

A) increase the trade deficit B) decrease the current account balance C) increase the balance of trade D) decrease net exports E) increase the balance of payments

A monopsonist can choose the ____________, while a monopolist can choose the ___________

a. price it will charge; wage rate it will pay b. wage rate it will pay; price it will charge c. price for its output; quantity it will produce d. marginal product of labor; marginal cost of labor e. number of competitors; number of buyers