Which of the following is not included in the current account?
A. exports of goods
B. imports of goods
C. U.S. capital inflow and outflow
D. unilateral transfers
Answer: C
You might also like to view...
Which of the following is the central bank of the United States?
A) Comptroller of the Currency B) Treasury Department C) Federal Reserve System D) Office of the Budget
Suppose that in a certain society $10,000 is the official cut-off of income for the poor. This means that any person making less than $10,000 is considered poor. Suppose further that there are three people in this society: Randy, Marlon, and Tito, with incomes of $9,900, $9,900, and $5,000, respectively.
A) How many people are in poverty? B) How much income would it take, on average, to lift every poor person out of poverty? C) What if some policy caused $200 to be taken from Tito and given to Randy. How many people are in poverty now? How much income would it take, on average, to lift every poor person out of poverty?
According to the mini-case on the Barbie Doll, Mattel is successful because
A) it has been selling Barbie dolls for a long time. B) the Barbie doll is the top import into the U.S. C) international trade allows them to produce a wide variety of doll types at many price points. D) there are low fixed costs for product design.
Suppose product price is fixed at $24; MR = MC at Q = 200; AFC = $6; AVC = $16 . What do you advise this firm to do?
a. Increase output. b. Decrease output. c. Shut down operations. d. Stay at the current output; the firm is earning a profit of $400. e. Stay at the current output; the firm is losing $200.