A negative value for the U.S. official reserve assets line in the balance of payments accounts means that
A) U.S. residents have sold more gold to foreigners than they bought.
B) U.S. residents bought more gold from foreigners than they sold.
C) the U.S. central bank has increased its holdings of foreign reserve assets.
D) the U.S. central bank has decreased its holdings of foreign reserve assets.
C
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Which of the following is most likely to be over consumed?
A. Sparkling water B. Tap water C. Bottled water D. Free water
A normal production possibilities frontier has a
a. positive slope, and is steeper near the horizontal axis than near the vertical axis. b. negative slope, and is steeper near the horizontal axis than near the vertical axis. c. positive slope, and is steeper near the vertical axis than near the horizontal axis. d. negative slope, and is steeper near the vertical axis than near the horizontal axis. e. zero slope, and it does not touch the horizontal axis.
If the average cost of transporting a passenger on the train from Chicago to St. Louis is $75, it would be irrational for the railroad to allow any passenger to ride for less than $75
a. True b. False Indicate whether the statement is true or false
Varying the quantity of output produced and sold at preset prices is called:
A. self-correcting economics. B. Okun's law. C. meeting demand. D. spurring inflation.