The data in the table above are the U.S. balance of payments. If there is no statistical discrepancy, what is the balance in the official settlements account?
A) $150 billion
B) -$150 billion
C) $50 billion
D) $0
D
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The long-run average cost curve of a natural monopoly
A) is positively sloped until it crosses the demand curve. B) intersects the demand curve while it is negative sloped. C) intersects the demand curve while it is positively sloped. D) is the natural monopoly's supply curve. E) is the same as the natural monopoly's demand curve.
The economist known for his early empirical work supporting the efficient markets hypothesis is
A) Milton Friedman. B) John Muth. C) Eugene Fama. D) Glenn Hubbard.
A budget deficit is often accompanied by a(n) __________ deficit.
a. trade b. education c. corporate d. international
The rules established under GATT are enforced by the
a. governments of the nations that are involved in GATT. b. North American Free Trade Association. c. World Trade Organization. d. European Union.