The Statistical Discrepancy in the Balance of Payments

question 156

Multiple Choice

The statistical discrepancy in the balance of payments

• A)is always positive
• B)is always negative
• C)is always zero
• D)is either positive, negative, or zero
• E)is indeterminate

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Definitions:

Satisfaction

The fulfilment of one's needs or desires through the consumption of goods or services, often used as a measure of consumer contentment with a product.

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Pretzels

A type of baked pastry made from dough that is commonly shaped into a knot and typically salted.

Utils

A hypothetical unit of measurement used in economics to quantify the level of utility or satisfaction gained from consuming goods and services.