Net exports of goods and services equal the
A) exports of goods and services divided by the imports of goods and services.
B) exports of goods and services plus the imports of goods and services.
C) exports of goods and services minus the imports of goods and services.
D) imports of goods and services minus the exports of goods and services.
C
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When the government increases the level of official reserves by $50 million, the change is recorded in the
A) capital and financial account. B) current account. C) official settlements account. D) official reserves account. E) foreign currency account.
A statement that "All children should receive free health care" is an example of what kind of statement?
A) a fair statement B) a natural experiment statement C) a normative statement D) a positive statement E) a statement on the margin
Generally, any human decision is
A) speculative. B) perfectly informed. C) irrational at its base. D) good.
Fred and Barney fill egg cartons with eggs. Fred just started the job and can fill only 20 cartons an hour. Barney has significant on-the-job experience and can fill 40 cartons an hour. Both Fred and Barney work 40 hours a week. Fred's average weekly productivity is ________ cartons; Barney's average weekly productivity is ________ cartons; and as a team their average weekly productivity is ________ cartons.
A. 800; 1,600; 1,200 B. 20; 40; 30 C. 800; 2,000; 1,600 D. 20; 40; 60