Based on Table 9.1, the balance on the current account is
A) +100.
B) +200.
C) 0.
D) -100.
E) -200.
B
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Immigration into the U.S. over the past century has caused the percentage of immigrants in the U.S. population to
A) fall steadily until the 1970s and increase thereafter. B) remain relatively constant over the time period. C) fall steadily over the entire century. D) rise steadily over the entire century. E) rise steadily until the 1970s and fall thereafter.
The global capital market is very competitive and efficient
Indicate whether the statement is true or false
Suppose that when the price of broccoli is $4 per pound, buyers wish to buy 500 pounds per day and sellers wish to sell 800 pounds per day. In this case:
A. excess supply will lead the price of broccoli to fall. B. excess demand will lead the price of broccoli to rise. C. excess demand will lead the price of broccoli to fall. D. excess supply will lead the price of broccoli to rise.
Socialism is correctly described by which of the following statements?
A. Central planning is used exclusively to answer the basic economic questions. B. Markets are used exclusively to answer the basic economic questions. C. Tradition is used exclusively to answer the basic economic questions. D. Government ownership of many resources and centralized decision-making answers the basic economic questions.