The elasticity of supply measures the sensitivity of A) supply ...

[mikaylakyoung]

The elasticity of supply measures the sensitivity of
 
  A) supply to changes in costs.
  B) quantity supplied to quantity demanded.
  C) quantity supplied to a change in price.
  D) price to changes in supply.

Question 2

During this year a country reports imports of 1,000 billion, exports of 1,100 billion, foreign investment in the country of 900 billion, investment abroad of 1,200 billion, net interest and net transfers of zero.
 
  What is the country's current account balance?

[xthemafja]

Answer to Question 1

C

Answer to Question 2

The current account balance is 100 billion.

[mikaylakyoung]

Thanks for the timely response, appreciate it

[laurnthompson]

Excellent