Which of the following would be part of the nation's current account?
A. The interest an American earns on a British bond
B. A factory built by the Japanese in the United States
C. The purchase of a U.S. Treasury bond by a foreigner
D. An old house purchased by an American in Italy
Answer: A
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Which of the following is NOT covered by federal deposit insurance?
A) savings account B) money market mutual funds C) checking account D) money market deposit account
Which of the following is not true about gross domestic product (GDP)? a. It includes only final goods and services
b. It reflects production in a particular year. c. Intermediate goods and services are excluded to prevent double counting. d. It excludes purchases of financial assets. e. It includes transfer payments.
Each of the following is consistent with the classical theory EXCEPT
A. wages and prices are flexible. B. the economy is always at full employment. C. supply creates its own demand. D. laissez-faire.
The figures below illustrate a situation of a trade embargo. In Figure (a) Dd and Sd are the domestic demand and supply curves of the embargoing countries. Prior to the embargo there was free trade at the world price of P0.
The embargoing country loses area ________ while the target country loses area.
A. (b + c); (a + c). B. a; b. C. (a + d); (b + c). D. a; (b + c).