Expenditures for services such as tourism, income for foreign investment, and foreign gifts are tabulated in the:
a. current account. b. capital account.
c. official reserve account. d. goods account.
a
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How might the existence of federally funded programs for the poor reduce the amount of charitable giving?
What will be an ideal response?
The gold standard period was
A) up until the first world war. B) between the first and second world wars. C) following the second world war until 1970. D) between 1954 and 1970. E) between 1814 and 1865.
Which of the following is most accurate about the US during World War I?
a. Long-standing nationalistic and imperialistic rivalries produced a dangerous political situation. b. The continent had experienced several major wars in the preceding decades. c. Industrialization and a greater commitment to international trade had created rapidly rising standards of living. d. There was rising solidarity among the labor movements of different nations.
If you move from a point inside the production possibility curve to a point on the production possibility curve, it follows that efficiency is:
A. increased because the economy is now on the production possibility curve. B. increased only if production of both goods increases. C. reduced if less of one good is produced. D. increased as long as the combined output of both goods increases.