The record of international receipts and payments is called the
A) official settlements account.
B) balance of payments.
C) U.S. official reserves.
D) current account.
E) capital and financial account.
B
Economics
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If two duopolists can collude successfully, then both will
A) earn greater profits than if they did not collude. B) price at marginal cost. C) price below average total cost. D) lower their economic profits.
Economics
When comparing the U.S. and Mexican car assembly industries, the disadvantage of higher U.S. wages is offset by
A) Mexican trade barriers. B) trade adjustment assistance in the United States. C) higher productivity in the United States. D) a lower opportunity cost in Mexico. E) "Buy American" advertising campaigns in the United States.
Economics