Debits (negatives) in the current account of the balance of payments accounts include
a. imports of goods.
b. exports of services.
c. transfers received from other countries.
d. purchases of U.S. government bonds by foreigners.
e. all of the above.
A
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The results of many empirical studies of short-run cost functions have shown that total costs conform to
A) a quadratic total cost function. B) a power cost function. C) a linear cost function. D) a cubic cost function.
Why is deflation such a problem?
A. It increases the value of debt, making it harder to pay it back. B. It decreases the value of debt, making it harder to pay it back. C. It increases the value of debt, making it easier to pay it back. D. It decreases the value of debt, making it easier to pay it back.
Tiffany is a black 21-year-old female, and Danielle is a black 41-year-old female. Both Tiffany and Danielle were accounting majors, and they graduated from the same college with the same GPA — Tiffany in 2013 and Danielle in 1992 . Tiffany and Danielle are both auditors at the same accounting firm. Tiffany earns $63,000 a year, and Danielle earns $95,000 a year. Select the best explanation for
this wage difference. a. Tiffany has more human capital than Danielle. b. Tiffany has less human capital than Danielle. c. Tiffany has been discriminated against because she is young. d. Danielle has been discriminated against because she is old.
Suppose that real domestic output in an economy is 300 units, the quantity of inputs is 50, and the price of each input is $9. The level of productivity in this economy is:
A. 50. B. 5. C. 6. D. 9.