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