If your aunt in Italy lends you $5,000 to complete your American education, this will be entered on the U.S. balance of payments account as a:
a. debit (-)
b. credit (+).
c. non-entry, since it will affect Italy's payments but not those of the United States.
d. devaluation, since the net value of the American capital stock will be reduced by the amount of your debt.
b
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The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The cost of a gallon of gasoline was $2.25 in 2005 when the CPI equaled 1.68. The real cost of a gallon of gasoline between 1972 and 2005:
A. may have either increased or decreased. B. remained constant. C. increased. D. decreased.
A drop in deposit rates, all else constant, __________ a bank's __________ risk
A) lowers; credit B) lowers; interest rate C) raises; credit D) raises; interest rate
Elasticity is always
a. measured in dollars b. measured in dollars per unit of quantity c. measured in units of quantity d. measured in units of quantity per dollar e. independent of the units of measurement
Accounting profit equals
a. explicit costs minus implicit costs b. economic profit minus implicit costs c. economic profit minus explicit costs d. economic profit minus explicit costs and implicit costs e. economic profit plus implicit costs