U.S. official reserves are
A) equal to the balance on the capital and financial account.
B) equal to the value of U.S. government debt in the hands of foreigners.
C) equal to the government's holding of gold.
D) equal to the value of the government's oil reserves.
E) the government's holding of foreign currency.
E
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If a country is growing at an annual growth rate of 5%, what will be its GDP after 5 years?
A) 5 times the current GDP B) 1.28 times the current GDP C) 3.21 times the current GDP D) 1.8 times the current GDP
Refer to Figure 12-5. If the market price is $20, what is the amount of the firm's profit?
A) $5,400 B) $6,750 C) $8,100 D) $16,200
Firms pay celebrities to endorse their products because they believe this will increase the demand for these products.
a. true b. false
A firm's retaining of earnings is really equivalent to the firm
A. decreasing the net worth of households. B. decreasing its own net worth. C. borrowing money from households. D. lending money to households.