The balance of trade records information about:
a. purchases of U.S. merchandise exports by foreigners
b. purchases of foreign financial assets by Americans.
c. American purchases of foreign services while traveling abroad.
d. errors and omissions.
a
Economics
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Which of the following programs would be opposed by philosopher John Rawls?
a. a negative income tax b. the Supplemental Security Income (SSI) program c. a tax plan creating a perfectly egalitarian income distribution d. Rawls would oppose all of the programs.
Economics
The way in which an oligopolist acts in response to a price change by a competitor is known as a
A) zero-sum game. B) positive-sum game. C) reaction function. D) cooperative game.
Economics