If a competitive firm is currently producing a level of output at which profit is not maximized, then it must be true that

Those from across the spectrum of political views tend to approve of markets because

A. markets are effective in solving many of society’s problems. B. markets work well in all cases and can be relied upon to solve problems. C. their goals are similar enough that they can rely on the same means. D. production is the most important goal, and market systems are very productive. E. All of these perspectives listed in these responses are correct.

The net balance of payments is

A. The difference between exports and imports. B. The difference between the current account balance and the capital account balance. C. The sum of the current account balance and the capital account balance. D. The sum of the current account balance and the trade account balance.