A summary of a country's economic transactions with foreign residents and governments is called the

What is the approximate cost to a professional basketball team of giving ten free tickets for a particular game to children in an orphanage?

A) Probably nothing if the game is not sold out. B) The face price of the tickets C) The value of the opportunities forgone by putting on the game, divided by the number of seats (times ten) D) We cannot tell unless we know the value the orphans place on attending.

When there are significant barriers to entry and there are few firms in the industry, we label this

A. monopolistic competition. B. monopoly. C. oligopoly. D. perfect competition.