Use the following table to answer the next question.Current AccountFinancial AccountCapital Account-$753,438 $30,696One possible explanation for this situation is ________.
A. people in other countries prefer buying U.S. financial assets
B. people in other countries prefer imported goods to domestic goods
C. domestic residents have a preference for domestic non-produced assets
D. people in other countries prefer to consume their income rather than save it
Answer: A
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Prices usually reflect
a. only the value of a good to society. b. only the cost to society of making a good. c. both the value of a good to society and the cost to society of making the good. d. neither the value of a good to society nor the cost to society of making the good.
In the short run
A. existing firms can exit an industry. B. new firms can enter an industry. C. existing firms do not face limits imposed by a fixed input. D. all firms have costs that they must bear regardless of their output.