The total of all economic transactions between a nation and the rest of the world is referred to as the
A) balance of payments.
B) balance of trade.
C) balance of power.
D) exchange rate.
A
Economics
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If the government wants to regulate a natural monopoly while ensuring the firm does not earn profits or require subsidies, the government will force the firm to set price equal to
A) average cost. B) marginal cost. C) marginal revenue. D) None of the above.
Economics
Earnings usually reflect a person's productivity. What are factors that cause differences in productivity across people so that earnings differ too?
What will be an ideal response?
Economics