The term for measuring the balance of trade by only looking at goods is
a. current account balance.
b. merchandise trade balance.
c. unilateral transfer balance.
d. goods account balance.
b. merchandise trade balance.
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Which of the following constitutes an implicit cost to the Asarta Manufacturing Company?
A. Payments of wages to its office workers B. Foregone interest income from using savings to pay for operating expenses C. Rent paid for the use of equipment owned by the Butters Machinery Company D. Payments using economic profits resulting from current production
The three major components of a bond are the bond price, maturity date, and coupon rate
Indicate whether the statement is true or false
Refer to the graph shown. Between points C and D, marginal utility is:
A. positive, and so total utility is increasing. B. decreasing, and so total utility is falling. C. positive, and so total utility is falling. D. decreasing, and so total utility is at its maximum.
A decrease in the money supply will tend to reduce investment.
Answer the following statement true (T) or false (F)