The largest portion of any nation's balance of payments current account is the
A) importing and exporting of merchandise goods.
B) importing and exporting of services.
C) importing and exporting of gold.
D) importing and exporting of capital goods.
A
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The "tragedy of the commons" is most likely to occur with which one of the following goods?
a. A national forest b. A mineral ore deposit c. A public highway d. A groundwater aquifer e. A city park
Vertical contracts between manufacturers and retailers often aim to
a. Incentivize the retailers to undertake costly activities, which they otherwise may not realize the full benefits of on their own b. Reward the retailer for undertaking the risk inherent in introducing a new product c. Serve as a "signal" of the manufacturer's belief of the likely success of his product d. All of the above