If the U.S. current account balance is -$500 billion and the capital and financial account balance is +$510 billion
A) the U.S. official settlements account balance is $10 billion.
B) the U.S. government's holdings of foreign currency increases by $10 billion.
C) foreign investment in the United States is smaller than the U.S. investment abroad.
D) U.S. exports are greater than U.S. imports.
B
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According to the data on real U.S. GDP,
A. economic growth has been irregular, with some periods of downturns. B. economic growth has been consistent, but with a few downturns. C. economic growth has been extremely rapid, but also includes major collapses. D. economic growth has been slight, but downturns have also been eliminated.
An insurer requiring a policyholder with a collision claim to submit more than one estimate of the repair costs is using a deductible to reduce morally hazardous behavior
Indicate whether the statement is true or false
When the market basket is tracked over time the goods within the basket:
A. reflect the typical consumer each year, but prices are held constant, so it captures if we are consuming more or less as an economy. B. remain the same, so only changing prices are captured. C. remain the same, but some prices are held constant on items that are important to consumers. D. reflect the typical consumer each year, so it captures how consumers are affected each year.
Which of the following explains what would likely happen if public goods were marketed like private goods?
A. Many consumers would want to buy the goods. B. Government failure would result. C. Public goods would be overproduced. D. Public goods would be underproduced.