The three accounts used to measure the balance of trade are the ________ account, the ________ account and the ________ account.
A. financial, reserve, current
B. current, capital, reserve
C. current, reserve, financial
D. current, financial, capital
Answer: D
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Assume that the M1 multiplier is 4. If the Federal Reserve purchases $200 worth of government securities, the money supply will
A) rise by $200. B) rise by $800. C) fall by $200. D) fall by $800.
Between the end of the Civil War and the beginning of World War I, the U.S. economy was not able to effectively absorb the millions of immigrants it received
Indicate whether the statement is true or false
The federal government is most likely to oppose
A. the purchase of a firm in danger of bankruptcy by a successful firm. B. a merger between two firms in a perfectly competitive industry. C. the purchase of one oligopolist by another in an industry with contestable markets. D. a merger between two firms in a three-firm industry.
Which statement is true?
A. In 1900 most Americans lived on farms. B. The United States' industrial base was largely destroyed by World War I. C. John D. Rockefeller controlled the U.S. automobile industry during the first two decades of the 20th century. D. Andrew Carnegie was the leading steel producer in the U.S. in 1900.