When the United States has a deficit on its current account, this means that
A. the dollar value of goods exported must exceed the dollar value of goods imported.
B. in this year, Americans supplied more dollars than were demanded by foreigners for purchasing American goods and services and for interest and investment income.
C. in this year, Americans supplied fewer dollars than were demanded by foreigners for purchasing American goods and services and for interest and investment income.
D. the dollar value of goods imported must exceed the dollar value of goods exported.
B. in this year, Americans supplied more dollars than were demanded by foreigners for purchasing American goods and services and for interest and investment income.
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Pollution regulation by requiring firms to implement specific equipment or actions is known as ___________
a. Pigouvian or pollution taxes b. tradable pollution permits c. pollution standards d. technology-based regulations e. None of the above.
Which of the following is a market imperfection that might explain persistent wage differentials within an occupation?
A. Geographical immobility of workers. B. Readily available information about job opportunities and pay. C. Principal-agent problems. D. Compensating wage differentials.