The current flows of goods, services, investment income, and unilateral transfers between a country and the rest of the world is called the:
A) current account.
B) financial account.
C) national income product account.
D) none of the above.
A
Economics
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At any price below the equilibrium price, the quantity demanded exceeds the quantity supplied, and the price tends to rise.
a. true b. false
Economics
In the short-run, a competitive firm is said to break-even if at equilibrium the:
a. price is equal to marginal revenue. b. price is equal to average revenue. c. price is equal to average variable cost. d. price is equal to the average total cost. e. price is equal to marginal cost.
Economics