In the balance of payments, a deficit item is any transaction
A) that leads to a receipt by a resident of a country or its government.
B) that leads to a payment by a resident of a country or its government.
C) that is an export of a good or service.
D) that makes residents of a country worse off.
Answer: B
You might also like to view...
A machinery used in a factory is a(n) ________ good
A) club B) capital C) inferior D) public
As a curve approaches a maximum point, the slope will
A) be positive, then negative after the maximum point. B) be negative, then positive after the maximum point. C) remain constant on either side of the maximum point. D) increase before and after the maximum point.
The quantity theory of money assumed
A) that an increase in prices causes a proportionate increases in real GDP. B) a fall in the velocity of money causes a proportionate increase in the money supply. C) a rise in money supply causes a proportionate fall in velocity. D) the fraction of income people desire to hold in the form of money is a constant.
Which of the following is the best definition of the unemployment rate?
a. a percentage of people who were recently working but laid off or want to work (willing, able, and searching for work) but without jobs. b. a percentage of people discouraged with the labor market and without work c. a percentage of people not working d. a percentage of people that do not need to work e. a percentage of people willing and able to work