In a country's balance of payments, which of the following items will be recorded as a debit entry?
A. Domestic bank balances owned by foreigners are reduced
B. Securities are sold by domestic residents to nonresidents
C. Foreign bank balances owned by domestic residents are reduced
D. Assets owned by domestic residents are sold to nonresidents
Answer: A
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One implication of the efficient markets hypothesis is that investors should
A) concentrate their investments in just a few well-chosen assets. B) hold a diversified portfolio of assets. C) buy stocks rather than bonds. D) buy bonds rather than stocks.
Over the course of the twentieth century, the typical American
A) remained equally as rich. B) became twice as rich. C) became five times as rich D) became eight times as rich.
Refer to Table 3-25. Miguel has an absolute advantage in the production of
a. both goods and a comparative advantage in the production of mixers.
b. both goods and a comparative advantage in the production of toasters.
c. neither good and a comparative advantage in the production of mixers.
d. neither good and a comparative advantage in the production of toasters.
The percentage change in the quantity of bread demanded divided by the percentage change in price of jelly measures:
A. the cross-price elasticity of demand for bread with respect to jelly. B. the cross-price elasticity of demand for jelly with respect to bread. C. the price elasticity of demand for bread. D. the price elasticity of demand for jelly.