In the capital and financial account, the largest category of international transactions is
A) statistical discrepancy.
B) net transfers.
C) net interest.
D) exports and imports.
E) foreign investment in the United States.
E
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Ted and Alice want to make sure that their children will inherit lots of money when they die, so that their children do not have to struggle the way they themselves did. Saving more in response to this is a______ reason for saving.
A. precautionary B. life-cycle C. bequest D. private
A continuing, long-term, large decline in the demand for coffee will not cause the price of coffee to fall much over the years if
A) coffee is not scarce. B) the demand for coffee is highly elastic. C) the demand for coffee is highly inelastic. D) the supply of coffee is highly elastic. E) the supply of coffee is highly inelastic.
Medical authorities announced in the late 1980s that an acne medicine named Retin-A also had previously unknown wrinkle-reducing properties. An economist would expect to find that, after this announcement, the price of Retin-A ____ and the quantity sold ____
a. rose; fell b. rose; rose c. fell; fell d. fell; rose
Which of the following would be likely to lead to a decrease in the natural rate of unemployment?
A. a decrease in the length of time during which people can receive unemployment benefits B. a prolonged recession C. an increase in the number of teenage workers in the workforce D. all of the above