Suppose that there is a current account deficit of $250 billion and a financial account surplus of $260 billion. It may be concluded that the
A) overall balance of payments is +10.
B) overall balance of payments is -10.
C) official reserve transaction account balance is +10.
D) official reserve transaction account balance is -10.
Answer: B
Economics
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Indicate whether the statement is true or false
Economics
Assume there is a decrease in the number of substitutes for a good produced by a profit-maximizing price-setting firm. All else constant, this would cause the firm's ability to markup price above average cost to:
A) decrease. B) stay the same. C) increase. D) cannot be determined with the information given.
Economics