In which of the following markets are strategic interactions among firms most likely to occur?

a. markets to which patent and copyright laws apply
b. the market for piano lessons
c. the market for tennis balls
d. the market for corn

c

Economics

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Mike lives and works as a musician in the U.S. However, he sometimes plays in concerts in foreign countries. The money he earns from these concerts are treated as ________ in the U.S. current account

A) imports B) exports C) factor payments from foreigners D) transfer receipts

Economics

Suppose that private saving is $1590 billion, investment is $1945 billion, and the current account balance is -$489 billion. From the uses-of-saving identity, how much is government saving?

A) -$134 billion B) -$844 billion C) $844 billion D) $134 billion

Economics