Which of the following transactions would be recorded as a credit in the U.S. current account?
A. a Japanese bank's purchase of IBM stock
B. a Japanese consumer's purchase of an Apple computer
C. an American tourist's payment to a Japanese hotel
D. an American consumer's purchase of a Toshiba VCR
Answer: B
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Which of the following mathematical expressions represents the equation of a straight line with a slope of zero at all points on a graph with Y on the vertical axis and X on the horizontal axis?
A. Y = a + X B. X = bY C. X = a D. Y = a
"When the cost of producing a unit of a good falls because the firm uses specialized resources to produce a range of goods and services" is the definition of
A) economies of scope. B) economies of scale. C) economic efficiency. D) technological efficiency.
There are good summary measures of how large and how important differences are in black and white educational facilities
Indicate whether the statement is true or false
Describe the two basic philosophies of taxation fairness