In a Nation's Balance of Payments, Which One of the Following

question 57

Multiple Choice

In a nation's balance of payments, which one of the following items is always recorded as a positive entry?

• A) goods imports
• B) balance on capital account
• C) U.S. purchases of assets abroad
• D) exports of services

Understand the graphical representation of monopolist demand, marginal revenue, and the implications for pricing and output decisions.

Identify the economic inefficiencies associated with monopoly power and how it affects consumer surplus.

Understand the economic characteristics and behaviors of monopolists.

Contrast monopolistic markets with competitive markets.

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