Answer:
a letter issued by a bank to another bank to serve as a guarantee for payments made to a specified person under specified conditions.
Explanation:
Answer:
B.) Employer A will employ more capital than Employer B.
Explanation:
Answer:
Option A is correct.
deficit; negative
Explanation:
In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases, this produces a tendency toward a trade <u>deficit </u>and <u>negaive</u> net capital outflow.
This corresponds to the concept of twin deficits where a budget deficit that results from increased government purchases, also results in current account deficit. Since trade deficit implies negative NX there is a negative NCO.
Answer:

if n=1 (monopoly) we have 
if n goes to infinity (approaching competitive level), we get the competition quantity that would be 
Explanation:
In the case of a homogeneous-good Cournot model we have that firm i will solve the following profit maximizing problem

from the FPC we have that


since all firms are homogeneous this means that 
then 
the industry output is then

if n=1 (monopoly) we have 
if n goes to infinity (approaching competitive level), we get the competition quantity that would be 