Expenditures for services such as tourism, income for foreign investment, and foreign gifts are tabulated in the:
A. current account.
B. capital account.
C. official reserve account.
D. goods account.
Answer: A
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There is no completely satisfactory way to define the money supply in the United States because
A) data on the money supply are always approximate and only available after a time lag of several months. B) much of it is held by the public and so cannot be monitored by the Fed. C) the Federal Reserve uses a number of different definitions. D) the liquidity of any asset is a matter of degree.
The World Trade Organization was created to
a. provide preferential treatment for developing-country trade b. incorporate environmental protection into trade agreements c. provide a set of rules under which regional trade arrangements would operate d. strengthen the international regime of rules for the conduct of foreign trade e. all of the above
Real GDP values current output of goods and services at their current prices
a. True b. False Indicate whether the statement is true or false
What does the Herfindahl-Hirschman Index value near zero imply about the market?
A. Monopoly B. Perfect competition C. Monopolistic competition D. Oligopoly