When a country has a current account deficit, the country
A) is borrowing from abroad.
B) is lending abroad.
C) must have a government budget surplus.
D) must have a government budget deficit.
A
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Which of the followings statements correctly identifies an advantage of using foreign aid to eradicate poverty?
A) It is extremely efficient in countries where institutions are extractive. B) It directly increases the efficiency of production in poorer countries. C) Its flow is transparent and can be questioned by all individuals in the receiving country. D) It leads to a redistribution of income around the world.
Which of the following is an example of a carrying cost of holding an inventory?
A) the cost of the paperwork necessary to pay for each order B) the delivery charges for an order C) the managerial time spent creating an order for inventory D) the costs of securing the inventory
The function of money that provides for a commonly recognized measure of value for the price system is a(n)
A) medium of exchange. B) unit of accounting. C) store of value. D) standard of deferred payment.
Which of the following is an example of a negative externality?
a. Picking up your trash b. Going to class sick c. Planting pretty flowers in your yard d. Getting vaccinated e. Going to class