What are the three types of transactions between the residents of different countries?
What will be an ideal response?
The three types are:
(1 ) Trades of goods and services for goods or services
(2 ) Trades of goods and services for assets, and
(3 ) Trades of assets for assets.
Economics
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The amount of time that it takes to identify a national economic problem is
A) the effect time lag. B) the action time lag. C) the recognition time lag. D) fiscal policy.
Economics
Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is $12.50 what is the firm's economic profit?
A) zero B) $10 per hour C) -$10 per hour D) $20 per hour
Economics