In the U.S. balance of payments account for a certain year, a positive number in the financial account means a:
A. net buildup of assets held by the U.S.
B. net reduction in the ownership of assets by U.S. interests.
C. buildup of total foreign debt.
D. reduction of total foreign debt.
B. net reduction in the ownership of assets by U.S. interests.
Economics
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When the consumer is at his or her best affordable consumption point, it is the case that the marginal rate of substitution is
A) greater than the price ratio. B) equal to the price ratio. C) less than the price ratio. D) maximized.
Economics
What are the two characteristics that are essential to economic analysis of invention?
A. Fixed costs and public goods B. Fixed costs and private goods C. Variable costs and public goods D. Variable costs and private goods
Economics