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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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
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.
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