A summary record of a country's international economic transactions in a given time period is the

A. Current account.
B. Balance of payments.
C. Capital account.
D. Exchange rate balance.

Answer: B

Economics

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In the above figure, which point represents a situation with significant shortages of labor, capital, and other resources?

A) point F B) point G C) point I D) point K

Economics

The situation where one person's demand for a good depends on the consumption of the good by others is called a

A) network externality. B) network internality. C) consumption externality. D) production externality.

Economics