Which of the following is not an advantage of a global currency?
a. International transactions would have fewer transactions costs.
b. Travel would be simplified.
c. A global currency would foster competition due to increased price transparency.
d. All of these are advantages.
.D
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If the U.S. experiences a current account deficit, then
A. the U.S. must also be running a capital account deficit. B. the U.S. must be running a capital account surplus. C. the U.S. may either experience a capital account surplus or deficit. D. None of these statements are true.
The national debt is unlikely to cause national bankruptcy because the federal government can:
a. raise taxes. b. print money. c. refinance its debt. d. all of these.
A demand curve is ________ sloping because ________.
A. downward; fewer people are willing to buy an item at higher prices B. upward; people prefer to purchase high-quality consumer goods C. downward; reservation prices tend to fall over time D. downward; of increasing opportunity costs
China has roughly how much of the world's population?
A. 40 percent. B. 30 percent. C. 20 percent. D. 10 percent.