Suppose a country has a current account surplus and that there is no intervention by finance ministries or central banks. This current account surplus indicates that the country has
A) a deficit in its financial account.
B) a surplus in its financial account.
C) the official reserve transactions balance is positive.
D) the official reserve transactions balance is negative.
Answer: A
Economics
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A) downward sloping demand curve faced by the firm B) identification of buyers with differing elasticities C) unpatented product or the service D) ability to prevent the resale of the product or service
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A firm is producing 100 units of output at a total cost of $400. The firm's average variable cost is $3 per unit. What is the firm's total fixed cost?
A. $100 B. $50 C. $300 D. $1
Economics