The part of the balance of payments that records a country's net exports, net investment income, and net transfers is the
A) capital account.
B) current account.
C) financial account.
D) statistical discrepancy account.
B
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Use the supply and demand curves depicted in following graph for a competitive market to answer the question below.
If the government imposed a price ceiling of $15, then buyers will be intending to buy ________, but they will be able to legally buy ________.
A. 24 units, more than 24 units B. 30 units, 24 units C. 36 units, 24 units D. 36 units, 30 units
Monique buys a new television for $795. She receives consumer surplus of $355 from the purchase. How much does Monique value her television?
A) $355 B) $440 C) $795 D) $1150
Which of the following statements is correct, when the exchange rate changes from €2/$ to €1.5/$?
a. Both the euro and the dollar appreciate. b. Both the euro and the dollar depreciate. c. None of the above. d. The euro (€) depreciates. e. The euro appreciates and the dollar depreciates.
Given a fixed upsloping AS curve, a rightward shift of the AD curve will:
A. cause cost-push inflation. B. increase real output but not the price level. C. increase the price level but not real output. D. increase both the price level and real output.