Excess demand for a specific foreign currency, such as the pound, implies a
A. Capital account surplus for the United States.
B. Capital account deficit for the United States.
C. Balance-of-payments surplus for the United States.
D. Balance-of-payments deficit for the United States.
Answer: D
You might also like to view...
Refer to the above figure. S1 is the supply curve that includes only private costs. S2 is the supply curve that includes social costs. The free market rate of output is ________ and the corrected, socially optimal amount of output is ________
A) Q4; Q1 B) Q2; Q1 C) Q4; Q2 D) Q2; Q4
Based on the information above, video games have
a. A unit elastic demand curve b. A inelastic demand curve c. A elastic demand curve d. A perfectly elastic demand curve
Relating to the Economics in Practice on page 337: A number of companies are using their own internal carbon taxes to reflect the social cost of carbon emissions on the environment. The price per ton of carbon emissions that they are using
A) has been set by the government. B) has been agreed to by the private sector. C) is not standardized. D) is the price established by the EPA
(Consider This) Suppose that a new band, "Balin and the Wolf Riders," tries to sell its music on the internet. Economists would expect:
A. all of those enjoying the music to pay for downloads and compensate the band for its costs. B. some of those enjoying the music to "free ride" through illegal file sharing and digital piracy. C. government to tax those attempting to download the band's music. D. there to be no consumer surplus for those who download the band's music.