Author Question: An official settlements account balance of -5,000 means A) official reserves of foreign currency ... (Read 211 times)

xroflmao · **on:** Jun 29, 2018

An official settlements account balance of -5,000 means

A) official reserves of foreign currency increased by 5,000.
B) official reserves of foreign currency decreased by 5,000.
C) the country is exporting more than it is importing.
D) the country is importing more than it is exporting.

Question 2

When Acme, Inc produces a certain amount of output at least cost, Acme, Inc definitely

A) achieves economic efficiency.
B) uses more capital than labor.
C) earns a normal profit.
D) None of the above is true.