When the government runs a deficit, the interest rate tends to:
A. fall.
B. rise.
C. remain unchanged.
D. rise or fall, depending on how the deficit is financed.
Answer: B
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In October 2005, the U.S. Fish and Wildlife Service banned the importation of beluga caviar, the most prized of caviars, from the Caspian Sea. What happened in the market for caviar in the United States?
A) The demand curve shifted to the right. B) The demand curve shifted to the left. C) The supply curve shifted to the right. D) The supply curve shifted to the left.
An opportunity cost is the highest valued alternative foregone whenever one chooses an alternative
a. True b. False Indicate whether the statement is true or false
In general, the accounting of trade in goods and capital is known as the:
A. balance of trade. B. net capital outflow. C. balance of payments. D. trade surplus.
The Bretton Woods system
a. put the world on a gold standard. b. put the world on a system of fixed exchange rates. c. put the world on a system of floating exchange rates. d. established the system of balance-of-payments accounts.