The United States issues a $10,000 debt forgiveness to Argentina. How is this accounted for in the balance of payments?
A) financial account, U.S. asset import
B) current account, Argentina transfer payment
C) current account, U.S. service export
D) financial account, U.S. asset export
E) current account, Argentina good import
D
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Which of the following interest rates is usually below other money market rates?
A) Discount rate B) Prime rate C) Federal funds rate D) Treasury note rate
If a firm is selling a quantity that is NOT on its best-response curve it
A) will go out of business. B) is in a Nash equilibrium. C) will want to change its behavior. D) is operating in a duopoly.
Suppose that an individual consumes just two goods: Big Macs and milkshakes. In order to reach consumer equilibrium, the individual must arrange the consumption of Big Macs and milkshakes so that the:
a. marginal utility of the two goods is equal for the last dollar spent on each good. b. ratio of marginal utility to price is the same for both goods for the last dollar spent on each good. c. ratio of marginal utility of milkshakes to the marginal utility of Big Macs is 1 for the last dollar spent on each good. d. price paid for the two goods is the same.
Wage differentials between groups can occur as a result of
a. job market discrimination and premarket discrimination only b. differences in education, job experience, and geographic location only c. job market discrimination and differences in education and job experience only d. premarket discrimination and differences in geographic location only e. premarket discrimination, job market discrimination, and differences in education, job experience, and geographic location