Which of the following is a deficit item on the balance of payments?
A) exports of merchandise
B) foreign tourist dollars spent domestically
C) sales of gold to foreigners
D) purchases of foreign assets
D
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The interest rate for primary credit is usually set ________ basis points ________ the federal funds rate. In March 2008, this gap was changed to ________ basis points
A) 50; below; 100 B) 100; above; 25 C) 100; below; 50 D) 50; above; 25
In the aggregate production function Y = A , real business cycle theory treats ________ as the key independent variable
A) potential output B) productivity C) the capital stock D) the labor input
The antitrust legislation that was designed to help small stores survive competition with large retail chains was the:
a. FTC Act. b. Sherman Antitrust Act. c. Celler-Kefauver Act. d. Robinson-Patman Act. e. Clayton Act.
Which statement is true?
A. D1 is more elastic than D2.
B. D2 is more elastic than D1.
C. D1 and D2 have the same elasticity.
D. There is no way to determine the relative elasticities of D1 and D2.