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Author Question: The unregulated, single-price monopoly shown in the figure above makes a total economic profit of ... (Read 98 times)

jake

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on: Jun 29, 2018
The unregulated, single-price monopoly shown in the figure above makes a total economic profit of
 
  A) 24.
  B) 16.
  C) 8.
  D) 4.

Question 2

Although the United States is running a large current account deficit, it is still ranked as a major international net lender. Is the previous statement correct or incorrect? Briefly explain your answer.
 
  What will be an ideal response?


fromAlphatoOmega22

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The statement is incorrect. Aside from changes in the official settlements account, any nation that is running a current account deficit must be paying for the excess of imports over exports by borrowing from abroad. The United States is no exception and with its large current account deficits, the United States is a large net borrower from abroad.


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