The settlement account of the balance of payments
a. records how much foreigners paid U.S. citizens in interest.
b. records how much the U.S. government collected in tariffs.
c. explains how the balance-of-payments deficit or surplus was financed.
d. explains how the trade surplus was distributed.
c. explains how the balance-of-payments deficit or surplus was financed.
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A shift in the demand curve will occur when
A. suppliers place more goods on the market. B. the price of a good rises. C. consumers want to buy more or less than before at a given price. D. the price of the good falls.
Job rationing occurs when the real wage rate is
A) above the equilibrium wage rate so there is a shortage of labor. B) above the equilibrium wage rate so there is an excess supply of labor. C) equal to the equilibrium wage rate so there is no excess supply of labor. D) below the equilibrium wage rate so there is an excess supply of labor. E) Both answers A and D are correct because whenever the real wage rate is above or below the equilibrium wage rate, there is an excess supply of labor.
In the above figure, the relationship between x and y is
A) positive, with slope decreasing as x increases. B) negative, with slope decreasing as x increases. C) negative, with slope increasing as x increases. D) positive, with slope increasing as x increases.
Being "unequal" is seen as a more serious calamity that being poor
Indicate whether the statement is true or false