Country A's overall balance in the balance of payments is equal to:
a. The current account minus the financial account.
b. The reserves account minus the current account.
c. The reserves account plus the capital account plus the current account.
d. And carries the opposite sign of the reserves account.
e. The reserves account plus the financial account.
.D
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The international unit of accounting used by the International Monetary Fund (IMF) is called
A) the Eurodollar. B) the IMF dollar. C) the quota subscription. D) special drawing rights.
Suppose there are constant returns to scale. Now suppose that over time a country doubles its workers, its natural resources, its physical capital, and its human capital, but its technology is unchanged. Which of the following would double?
a. both output and productivity b. output, but not productivity c. productivity, but not output d. neither productivity nor output
Which of the following is an example of a cash outflow from a financing activity?
A. Sale of an intangible asset B. Purchase of treasury shares C. Issuance of bonds D. Distribution of stock dividends
When a steel producer pollutes the air, economists argue that there is
A. a positive externality. B. an external cost. C. a cost paid solely by the steel producer. D. efficiency, if production is at its maximum level.