The net amount of international reserves that move between governments to finance international transactions is called the ________ balance
A) capital account
B) current account
C) trade
D) official reserve transactions
D
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In the market for a pair of shoes, Jena is willing to pay $75 for a pair while Jane is willing to pay $85 for a pair. The actual price that each must pay for a pair of shoes is $65. What is the combined amount of consumer surplus of Jena and Jane?
A. $10 B. $20 C. $30 D. $160
Traditionally, Wall Street investment banks had been organized as partnerships, but by 2000 they had converted to being publicly traded corporations
As partnerships, the principle-agent problem is ________, but as publicly traded corporations, the principal-agent problem is often ________. A) reduced; less severe B) increased; more severe C) increased; less severe D) reduced; more severe
State whether property taxes, income taxes, and sales taxes are progressive, regressive, proportional, or none of the above. What about the tax system as a whole?
What will be an ideal response?
During recessions, taxes tend to
a. rise and thereby increase aggregate demand. b. rise and thereby decrease aggregate demand. c. fall and thereby increase aggregate demand. d. fall and thereby decrease aggregate demand.