An important explanation for the current account deficit and capital account surplus in the United States is that
a. we buy fewer goods from foreigners than they buy from us, and foreigners find the United States an attractive place to invest.
b. we buy more goods from foreigners than they buy from us, and foreigners find the United States an attractive place to invest.
c. we buy fewer goods from foreigners than they buy from us, and Americans find foreign countries an attractive place to invest.
d. we buy more goods from foreigners than they buy from us, and Americans find foreign countries an attractive place to invest.
B
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U.S. exports create a ________.
A. supply of foreign currencies and a demand for dollars in the foreign exchange markets B. supply of foreign currencies and a supply of dollars in the foreign exchange markets C. demand for foreign currencies and a demand for dollars in the foreign exchange markets D. demand for foreign currencies and a supply of dollars in the foreign exchange markets
Under fair-return pricing, a regulated natural monopoly will earn zero economic profit
a. True b. False Indicate whether the statement is true or false
According to new classical economists, the most appropriate policy during a recession would be for the government to
a. increase the minimum wage. b. impose wage and price controls. c. cut taxes and increase the budget deficit. d. do nothing.
The amount of money in the United States is determined by
A. the combined behavior of commercial banks and the public, as well as actions of the Federal Reserve. B. the Federal Reserve. C. the public. D. the combined behavior of commercial banks and the public.