A nation is called a creditor if
A. it provided financial assets to other countries.
B. its net stock of foreign assets is positive.
C. its current account is in deficit during a time period.
D. its current account is balanced during a time period.
Answer: B
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The slope of a curved line differs from that of a straight line in that
A. the numerical value of the slope of a straight line is different at every point but is the same at every point for a curved line. B. the numerical value of the slope of a straight line is always higher than the numerical value of the slope of a curved line. C. the numerical value of the slope of a curved line is different at every point but is the same at every point for a straight line. D. the numerical value of the slope of a curved line is an irrational number, but the numerical value of the slope of a straight line is always a rational number. E. straight lines are more realistic, but curved lines are not descriptively accurate for the real world.
An airline wants to introduce a charge for snacks on flights. Why would it not be such a good idea?
a. Passengers would be less likely to buy snacks b. Passengers would be more likely to carry their own snacks onboard c. Passengers would feel nickel-and-dimed and would switch airlines d. All of the above
Explain the importance of the shape of supply curve for undertaking stabilization policies
If the multiplier is 10, then the MPS is ________ while the MPC would be ________.
A. 1; 9 B. 0.9; 0.1 C. 9; 10 D. 0.1; 0.9