In the balance of payments, all of the following are deficit items EXCEPT
A. funds placed in foreign depository institutions.
B. tourism expenditures abroad.
C. sales of dollars to foreigners.
D. imports of merchandise.
Answer: C
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Collateral is used in all of the following credit arrangements, except
A) repurchase agreements. B) automobile loans. C) credit card lending. D) mortgage lending.
Private goods are nonexclusive goods
Indicate whether the statement is true or false
A die is rolled. If it lands 1 or 2, the person receives $90. If it 3 or 4, the person receives $30.00. If it lands 5 or 6, the person receives $60. If the person is willing to pay $60 to take this gamble, they must be
a. risk-averse. b. risk-neutral. c. risk-preferring. d. either risk-neutral or risk-preferring (not risk-averse).
You have read that the free rider problem affects equilibrium in a public good context. Explain how this situation can be modeled as a prisoner's dilemma game.
What will be an ideal response?