Refer to the given data. Zabella's balance on financial account shows a:
Answer the question on the basis of the following 2012 balance of payments data (+ and -) for
the hypothetical nation of Zabella. All figures are in billions of dollars.
A. deficit of $10 billion.
B. surplus of $5 billion.
C. deficit of $28 billion.
D. surplus of $13 billion.
A. deficit of $10 billion.
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Which income distribution is more unequal and why: the income distribution in the United States or in the entire world?
What will be an ideal response?
Adam Smith wrote that the:
a. economic problems of eighteenth-century England were caused by free markets. b. government should control the economy. c. pursuit of private self interest promotes the public interest in a market economy. d. public or collective interest is not promoted by people pursuing their self interest.
An import quota specifies
A) the amount of funds that can be paid for any imported good. B) the amount of taxes that must be paid on any imported good. C) the maximum amount of an item that may be imported during a specified period. D) the minimum amount of an item that may be imported during a specified period.
Which of the following statements about technology is true?
a. It is a sufficient but not necessary condition for economic growth. b. Management techniques are irrelevant to technological growth. c. Industrial countries follow the lead of developing countries in implementing new technology. d. Technological change is inversely related to a nation's ability to save. e. Low levels of education can impede technological progress.