When there is a current account deficit, it is likely that
A) exports exceed imports for the country.
B) the country is an exporter of capital.
C) the financial account has a surplus.
D) the country has a budget surplus.
Answer: C
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Social Security payments automatically increase when the Consumer Price Index (CPI) goes up because of the:
A. age of the recipient. B. years receiving social security. C. cost-of-living adjustments. D. individual being married or unmarried.
Use the following table to answer the question below for Country Y. Column 1 is the price of a product, Column 2 is the quantity demanded domestically (Qdd), and Column 3 is the quantity supplied domestically (Qsd).PriceQddQsd$9.002504508.003004007.003503506.00400300At what price will Country Y export 100 units of the product?
A. $7.00 B. $9.00 C. $6.00 D. $8.00
When the commons are converted into privately owned resources, _____
a. utilization is increased, and benefits to the society decline b. utilization is increased, and the benefits to the society also increase c. utilization is decreased, and the benefits to the society also decrease d. utilization remains unchanged, and the benefits to the society increase e. utilization is decreased, and the benefits to the society increase
Two firms with differently sized production facilities can make a more successful cartel than two firms with similarly sized production facilities
a. True b. False Indicate whether the statement is true or false