The current account reflects
a. trade in tangible products
b. trade in goods as well as services
c. trade in services only
d. the purchase of securities from foreigners
e. the sale of securities to foreigners
B
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Moving along the aggregate supply curve,
A) the quantity of capital used increases. B) technology advances. C) the stock of human capital increases. D) only the price level changes. E) the real wage rate is constant.
Countries in which one would see a spread of ideas, information, images, and people would be categorized under _____ globalization
a. economic b. social c. ethical d. cultural e. political
The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment
a. True b. False Indicate whether the statement is true or false
Backorders occur when you do not have inventory in stock and your customer . . . ?
a. Switches to a different brand. b. Decides to keep their business with your organization and wait for the desired product. c. Cancels the order because she decides she has enough inventory all ready. d. Decides to take her future business elsewhere. e. Either A or D