Which of the following is a surplus item in the U.S. current account?
A. IBM pays dividends to British shareholders.
B. Finn vodka becomes more popular in the United States.
C. U.S. firms export more farm products to China.
D. The U.S. government reduces the tariff rates on some imported goods.
Answer: C
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In the real business cycle model, the short-run aggregate supply curve is always the same as ________
A) long-run aggregate supply B) the long-run aggregate demand schedule C) the velocity of money D) the real rate of interest
To which of the following regions did Prince Henry the navigator send one expedition after another?
a. Western coast of Africa b. The West Indies c. Eastern coast of India d. Western coast of North America e. Eastern coast of South America
Personal income does not include
a. transfer payments. b. capital consumption allowance. c. dividends. d. interest income.
Which of the following is an advantage of fixing exchange rates?
A. making the prices of foreign goods more flexible in the domestic market B. making residents more mobile across countries C. limiting foreign exchange risk D. eliminating trade deficits