Purchases of foreign assets by U.S. residents are tabulated in the U.S. balance of payments as a:
a. capital inflow. b. capital outflow.
c. current account outflow. d. unilateral transfer.
b
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When the rental price of capital is above the equilibrium price ________
A) we have an excess supply of capital and the rental price should fall B) we have an excess demand of capital and the rental price should fall C) we have an excess supply of capital and the rental price should increase D) we have an excess demand of capital and the rental price should increase E) none of the above
Which of the following policies would increase the growth rate of an economy in the endogenous growth model with human capital?
A) mandatory schooling. B) minimum wages. C) redistributive taxation. D) lump-sum taxation.
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According to the graph shown, if this economy were to open to trade, domestic prices would:
A. remain $16, with more units sold overall. B. decrease to $11 for all units. C. remain $16 for domestically produced goods, and be $23 for those units imported. D. increase to $23 for all units.
When the residents of a nation are free to trade with foreigners, domestic producers will be able to
What will be an ideal response?