The balance of payments is made up of three accounts: the merchandise trade account, the service account, and the investment income account.
Answer the following statement true (T) or false (F)
False
The balance of payments consists of the current account and the financial and capital account.
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Perfectly elastic demand curves are vertical.
Answer the following statement true (T) or false (F)
Which of the following is not included in a nation's balance of payments?
a. International interest and dividend earnings. b. International real estate transactions. c. Changes in a nation's money supply due to a new required reserve ratio. d. All of the above are included in the balance of payments.
The net-export effect of contractionary monetary policy is a(n)
A. appreciation of the value of the dollar and the decrease of U.S. net exports. B. depreciation of the value of the dollar and the decrease of U.S. net exports. C. appreciation of the value of the dollar and the increase of U.S. net exports. D. depreciation of the value of the dollar and the increase of U.S. net exports.
Explain why baseball ticket prices may increase when a team pays a new player a large salary, but will remain unchanged when a current player gets a salary increase
What will be an ideal response?