U.S. official reserves are the ________
A) reserves of U.S. dollars held by the World Bank
B) U.S. government's holdings of foreign currency
C) reserves of U.S. dollars held by foreign banks
D) holdings of foreign currency by the public and the banks
B
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The rules of accounting generally require that ________ be included in a firm's financial records
A) only explicit costs B) both explicit costs and implicit costs C) only implicit costs D) neither explicit costs nor implicit costs
Which of the following is true?
a. The size of the national debt currently is about the same size as it was during World War II. b. The national debt increases in size whenever the federal government has a surplus budget. c. The national debt's size decreased steadily after 1980. d. The current U.S. national debt is over $16.0 trillion.
In some markets, demand can be approximated by Q = 50 ? 5P + 10Y where Q is quantity, P price per unit, and Y = buyers' income. Supply can be approximated by Q = ?5 + 10P
a. If Y = 20, what is equilibrium price and output? b. If Y rises to 25, what is the new equilibrium price and output?
Recall the Application about how worldwide trade has affected the U.S. auto industry to answer the following question(s). According to this Application, why are car companies in the U.S. finding themselves using more foreign made auto parts?
A. lower wages abroad B. foreign made parts are more durable C. shipping costs have risen D. American politicians force companies to do this in order to make our allies happy