Which of the following is not included in a nation's balance of payments?

a. International interest and dividend earnings.
b. Total holdings of the central bank's international reserves.
c. Financial service sales by domestic banks to foreign customers.
d. All of the above are included in the balance of payments.


.B

Economics

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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

Economics

The government redistributes funds via transfer payments in order to ________

A) reduce the number of private transactions B) increase competition among domestic producers C) finance the operation of its various departments D) reduce inequality among the citizens

Economics

The demand for most agricultural products tends to be

a. both price and income elastic b. both price and income inelastic c. price inelastic and income elastic d. price elastic and income inelastic e. of unitary price elasticity and income elastic

Economics

How is marginal product affected if workers are added who are equally good at the job?

a. The increase in workers will eventually cause marginal output to fall. b. The value of marginal output increases more with each additional good worker. c. With equivalent workers, marginal productivity will neither rise nor fall. d. Marginal quality will improve as the added workers gain experience.

Economics