A debit entry in the balance of payments system could be from which of the following?
A) a payment from abroad received by a domestic resident.
B) a payment made while abroad by a domestic resident.
C) a decrease in the current account deficit.
D) an increase to the capital account surplus.
B
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According to the Efficient Markets Hypothesis, prices of securities
A) change infrequently. B) change frequently to reflect news about changes in the fundamental values of the securities. C) change frequently as evaluations of existing information about the securities change. D) are not allowed, under federal securities laws, to change more frequently than once a month.
In the new Keynesian models,
a. imperfect competition comes is the result of optimizing behavior by individuals. b. perfect competition is assumed with respect to the product market c. a natural monopoly is presumed for the product market. d. both a and c. d. None of the above
If Ernie's individual labor supply curve is upward sloping, then Ernie responds to an increase in the
a. wage by working more hours per week. b. opportunity cost of leisure by working fewer hours per week. c. opportunity cost of leisure by taking more hours of leisure per week. d. Both a and b are correct.
The rate at which a country can trade domestic products for imported products is its:
A) rate of production transformation. B) rate of market substitution. C) terms of trade. D) production possibilities curve.