Trade flows measure the:
A. movement of resources between nations.
B. exports and imports of goods and services.
C. transfer of information from one nation to another.
D. transfer of money between nations.
B. exports and imports of goods and services.
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According to the textbook, the most important and enduring source of market power is:
A. government franchises. B. economies of scale. C. copyrights. D. patents.
Regarding costs, accountants _____; economists _____
a. identify stable and predictable costs for decision-making purposes; measure costs for financial reporting purposes b. identify stable and predictable costs for financial reporting purposes; measure costs for decision making purposes c. do not include opportunity costs; include opportunity costs d. include opportunity costs; do not include opportunity costs e. both b and c f. both a and d