Author Question: If U.S. imports increase, the sum of the balance of payments accounts (the sum of the current ... (Read 41 times)

BrownTown3 · **on:** Jun 29, 2018

If U.S. imports increase, the sum of the balance of payments accounts (the sum of the current account plus capital and financial account plus official settlements account)

A) becomes negative.
B) becomes positive.
C) becomes negative or positive depending on the government budget deficit or surplus.
D) does not change.

Question 2

The marginal product of labor is the change in total product from a one-unit increase in

A) the quantity of labor employed, holding the quantity of other inputs constant.
B) the quantity of capital employed, holding the quantity of labor constant.
C) both the quantity of labor and the quantity of other inputs employed.
D) the wage rate.