Current account transactions are payments and gifts that are related to the purchase or sale of
A) financial instruments only.
B) both goods and services.
C) goods only.
D) services only.
B
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Financial intermediaries are institutions that facilitate the movement of funds from savers to investors because they
A) guarantee positive returns on investments. B) eliminate the costs of negotiating such transactions. C) eliminate risks. D) provide liquidity.
In a collusive agreement between two duopolists in an oligopoly, each firm has an incentive to cheat on the agreement because the firm's price
A) exceeds its marginal cost. B) exceeds its marginal revenue. C) is less than its average total cost. D) None of the above answers is correct.
Import quotas contribute to higher prices of products imported into the U.S., but tariffs do not
a. True b. False Indicate whether the statement is true or false
How does an increase in taxes affect the expenditure schedule?
a. It causes movement to the left along the schedule. b. It causes the schedule to shift upward. c. It causes movement to the right along the schedule. d. It causes the schedule to shift downward.