The balance of trade account reflects only transactions associated with the international trade of goods
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Why is it difficult for the market to deliver socially efficient quantities of goods like clean air or street lighting?
What will be an ideal response?
Brazil's 1999 crisis was relatively short lived because
A) Brazil's financial institutions had avoided borrowing all together. B) Brazil's financial institutions had avoided heavy borrowing in local currency. C) Brazil's financial institutions had avoided heavy borrowing in dollars. D) Brazil's financial institutions had extended low-interest loans. E) Brazil's financial institutions had extended high-interest loans.
Wage discrimination occurs when people are paid different salaries based upon: a. education
b. ethnicity. c. willingness to work. d. talent.
The origin of the Phillips curve is the idea that an increase in
a. AD will lead to more inflation and more unemployment. b. AD will lead to more inflation and lower unemployment. c. AS will lead to lower inflation and lower unemployment. d. AS will lead to less inflation and higher unemployment.