With the passage of time as the availability of an exhaustible resource declines, the cost of extraction of the resource increases

Which of the following equations is true in an open economy?

A) Net exports = -Financial account balance. B) National saving = net capital flows. C) Net exports = net foreign investment. D) Private saving = net foreign investment + domestic investment.

A local government operates a city recreation center with a pool and tennis courts. The center is financed through $50 annual membership fees (required for members to use it). This type of financing is an example of a

a. head tax. b. excise fee. c. user charge. d. progressive tax.