Unilateral transfers between countries are
A) long-term loans.
B) only international gifts, never payments that do not correspond to the purchase of any good, service, or asset.
C) part of the current account but not a part of national income.
D) known for reducing the income of capital owners.
E) the difference between Y and GNP if the identity Y = C + I + G + CA holds exactly.
E
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The data points on a supply curve come from
A) survey analysis. B) the same place from which we get the data points on a demand curve. C) the supply schedule. D) companies' annual reports.
Consider a profit-maximizing monopoly pricing under the following conditions. The profit-maximizing quantity is 40 units, the profit-maximizing price is $160, and the marginal cost of the 40th unit is $120 . If the good were produced in a perfectly competitive market, the equilibrium quantity would be 50, and the equilibrium price would be $150 . The demand curve and marginal cost curves are
linear. What is the value of the deadweight loss created by the monopolist? a. $40 b. $100 c. $200 d. $400
Which of the following is a positive question?
A. Is society better off if we restrict trade with other countries? B. Should we increase taxes on the rich or the middle class? C. Will an increase in the minimum wage cause more unemployment for teenagers? D. Should the government provide health care?
Answer the following questions true (T) or false (F)
1. The labor force participation rates of women have rapidly increased since 1948. 2. The household survey asks adults about their employment status and is used to compile the monthly unemployment rate. 3. The household survey is compiled from firms who answer questions about the number of persons who are employed and on the company payroll.