Refer to the given data. The United States' balance on financial account is a:
The following table contains hypothetical data for the 2012 U.S. balance of payments. Answer the question on the basis of this information. All figures are in billions of dollars.
A. $20 billion surplus.
B. $15 billion surplus.
C. $30 billion deficit.
D. $20 billion deficit.
A. $20 billion surplus.
Economics
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There is a famous economics saying that argues "if diminishing marginal productivity never set in then the world could be fed from a flower pot." Explain what this means economically
What will be an ideal response?
Economics
Consumption spending that is independent of the level of income is known as
a. marginal consumption b. transitory consumption c. permanent consumption d. relative consumption e. autonomous consumption
Economics