Suppose a country has the following balance of payments data.
(a)Calculate the current account balance.(b)Calculate the financial account balance.(c)Calculate the trade balance.(d)Calculate net factor payments.
What will be an ideal response?
| (a) | -60 |
| (b) | 60 |
| (c) | -20 |
| (d) | -40 |
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Which statement is true?
A. No one receiving public assistance is employed. B. Some people receiving public assistance are employed. C. More people were receiving public assistance in 2007 than in 1994. D. According to current law, no one will be eligible to receive public assistance by the end of 2012.
A tax cut shifts aggregate demand
a. by more than the amount of the tax cut. b. by the same amount as the tax cut. c. by less than the tax cut. d. None of the above is necessarily correct.
Which of the following statements explains why it is so difficult for governments to provide the optimal quantity of a public good?
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A 10 percent increase in the price of portable power banks leads to a 5 percent decrease in the quantity demanded of portable power banks. The absolute price elasticity of demand is
A) 3. B) 0.33. C) 0.5. D) 2.