Countries where investment is
A) relatively unproductive should have current account deficits.
B) relatively productive should have current account surpluses.
C) relatively productive should have current account deficits.
D) relatively productive should have balanced current accounts.
E) relatively unproductive should have balanced current accounts.
C
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As new firms enter a monopolistically competitive market, product differentiation becomes less pronounced
Indicate whether the statement is true or false
The latest Taylor Swift album is available to be downloaded for $18.99. Is this price a rationing device?
A) No, the album will be sold to anyone having the required number of dollars. B) Yes, because the album will only be purchased by people who are willing and able to pay $18.99. C) No, for price to be a rationing device, it must be so high that only one unit of the item is sold. D) Yes, since that is a reasonable price.