How do the capital account and the current account differ?
What will be an ideal response?
The current account and the capital account differ in what is recorded in each. The current account records exports, imports, net interest, and net transfers. The capital account records foreign investment in the United States and U.S. investment abroad.
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Women in the workplace seem to be narrowing the wage gap with males. What might be the cause of this shift during the past 25 years?
Define the following terms briefly and concisely and indicate their importance to the study of economics
a. entrepreneurship b. investment c. capital d. innovation e. discounting
Under a balanced budget policy, a sharp decline in GDP will cause
a. no serious budget changes. b. a tax cut or an increase in expenditures. c. a tax increase or expenditure cut. d. tax receipts to exceed government expenditures.
A decision by a government to sell businesses that currently are operated by the government to private investors is an example of ________ policy.
A. monetary B. aggregation C. structural D. fiscal