What are the three ways economies are organized?
a. communism, socialism, free
b. market, capitalism, mixed
c. traditional, command, market
d. traditional, market, mixed
c. traditional, command, market
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Which of the following statements is FALSE?
A) saving = disposable income - consumption B) consumption + saving = disposable income C) consumption = saving - disposable income D) disposable income - saving = consumption
China's high net exports must be balanced by:
A. low net capital outflows. B. high net capital outflows. C. lownet imports. D. high net capital inflows.
Business success is largely dependent on
A) being a first mover. B) quality products. C) dynamic management. D) a global focus. E) many different things.
A citizen in a developing country with a currency policy of convertibility on the current account could engage in all of the following transactions except:
A. sell foreign currency resulting from the exports of manufactured t-shirts. B. sell foreign currency resulting from the sale of a U.S. treasury bond. C. purchase foreign currency in order to import a BMW. D. purchase foreign currency in order to purchase a U.S. treasury bond.