Under the Simplifying Assumptions Made in the Text, a Current

question 14

Multiple Choice

Under the simplifying assumptions made in the text, a current account deficit

• A) arises when imports exceed exports.
• B) arises when the purchase of foreign assets by a nation's citizens exceed the purchase of domestic assets by a nation's citizens.
• C) is necessary for a long run economic growth.
• D) arises when a country's exchange rate falls.

Discuss the making of a star and the star system in Hollywood's film industry.

Understand and articulate the early film industry's representation of societal changes.

Understand the concept of break-even point and how it is calculated in units and dollars.

Calculate the impact of changes in variable costs, fixed costs, and sales volume on net operating income.