The current account includes which of the following?
a. all international transactions in currently produced goods and services
b. net income from foreign assets
c. net unilateral transfers
d. all of the above are included in the calculation of the current account
d
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What is the formula for the cross elasticity of demand? The percentage change in the
A) quantity demanded divided by the percentage change in the price of a substitute or complement. B) quantity supplied divided by the percentage change in price. C) quantity demanded divided by the percentage change in price. D) quantity demanded divided by the percentage change in income. E) equilibrium quantity demanded divided by the equilibrium quantity supplied.
What is securitization?
What will be an ideal response?
Which of the following would be considered a contingent contract?
A) a piece rate contract B) a profit-sharing contract C) a contact with a bonus D) All of the above.
In a recession, the trade balance often improves because
a. service exports exceed manufactured good exports b. banks sell depressed assets c. fewer households can afford luxury imports d. direct investment abroad declines e. the capital account exceeds the current account