The balance of payments is an accounting statement known as a:
a. trial balance.
b. depreciation account.
c. balance sheet.
d. trade account.
e. reconciliation statement.
c
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The Nash equilibrium was named after
a. Tom Nash b. John Nash c. Robert Nash d. Kelvin Nash
Higher energy prices can be used to adequately explain the productivity slowdown in
A. the United States and the rest of the world. B. the United States but not the rest of the world. C. the rest of the world but not the United States. D. neither the United States nor the rest of the world.
Suppose the real interest rate in Brazil is 40 percent, actual inflation is 20 percent, and expected inflation is 20 percent. The nominal interest must then be:
A. 40 percent. B. 80 percent. C. 60 percent. D. 20 percent.
When there is a price floor there will be
A. a shortage. B. a surplus. C. either a shortage or a surplus. D. neither a shortage nor a surplus.