The balance of payments is
a. the equilibrium result when two countries achieve purchasing power parity.
b. an account that records changes in exchange rates between two countries.
c. an account that records all economic transactions between a country and all other countries, usually within a year.
d. all of the above.
e. none of the above.
C
Economics
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The rate at which a price index decreases is referred to as the:
A) cross inflation rate. B) deflation rate. C) reverse inflation rate. D) depreciation rate.
Economics
The profit maximizing condition for a firm in monopolistic competition is to produce so that
A) marginal cost equals marginal revenue. B) marginal cost equals price. C) average total cost equals price. D) price equals marginal revenue.
Economics