Judy has just bought a car that is made in Germany. As far as the U.S. balance of payments is concerned this purchase is a(n)
A) accounting identity.
B) special draw.
C) surplus item.
D) deficit item.
D
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According to the graph above, the last expansion to occur before the outbreak of World War I in 1914 had a duration of ________
A) 23 months B) 44 months C) 3 years D) 12 months E) 20 months
Which of the following factors would increase aggregate demand in the goods and services market?
a. an decrease in stock prices b. an increase in the real interest rate c. a decrease in real incomes abroad d. increased optimism on the part of consumers and businesses
An example of a perfectly competitive market would be the market for
a. tennis racquets. b. pizza. c. garbage collection. d. wheat.
An economy can have an abundant supply of labor, capital, and natural resources but still produce goods and services inefficiently
Indicate whether the statement is true or false