A creditor nation means a nation
A) whose exports exceed its imports.
B) whose current account is larger than its capital account.
C) whose current lending to the rest of the world exceeds its borrowing from the rest of the world.
D) who through its history has invested more in the rest of the world than other countries have invested in it.
D
Economics
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When the marginal cost curve lies below the average cost curve, ________
A) the marginal cost curve is vertical B) the marginal cost curve is horizontal C) the average cost curve slopes downward D) the average cost curve slopes upward
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In the above figure, the marginal product of labor is zero at point
A) a. B) c. C) e. D) f.
Economics