The term "balance of payments" refers to a nation's:
a. goods exports minus imports. b. record of all international transactions.
c. capital inflows minus outflows. d. official reserves inflows minus outflows.
b
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If inventories decline by more than analysts predict they will decline, this implies that
What will be an ideal response?
A government decision to privatize a sector of the economy formerly operated by the government is an example of ________ policy.
A. aggregation B. structural C. fiscal D. monetary
If a hospital knows that an insurance company will pay for most of a patient's bill, the hospital has more of an incentive to require additional medical procedures and tests, even if the patient may not require them. This is an example of
A) moral hazard. B) adverse selection. C) asymmetric information. D) the principle-agent problem.
If a firm cannot earn profits in the short run, it will shut down
Indicate whether the statement is true or false