A country that has a capital account surplus:
A. is a net buyer of assets.
B. has a current account surplus.
C. will see its currency remain steady.
D. is a net seller of assets.
Answer: D
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If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine the account's future value in one year?
A) Future value = [Present value × (1 + i)] B) Future value = (Present value × i) C) Future value = (Present value / i) D) All of these yield the same answer.
The Fed's quick response to the threat to the economy after September 11, 2001, makes a strong case for
a. a rules-based monetary policy regime. b. a discretionary-based monetary policy regime. c. the superiority of fiscal policy. d. the dominant role of Congress in activist policy.
The median voter's preferred outcome is the same as the
a. average preferred outcome. b. outcome preferred by the greatest number of voters. c. outcome produced by majority rule. d. outcome preferred by Arrow's "perfect" voter.
Elaine's taxable income increases by $1 and her tax payment increases by $0.28. Her marginal tax rate is
A) 72 percent. B) 28 percent. C) 56 percent. D) There is not enough information to answer the question.