The largest portion of any nation's balance of payments current account is the
A) importing and exporting of merchandise goods.
B) importing and exporting of services.
C) importing and exporting of gold.
D) importing and exporting of capital goods.
Answer: A
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Which of the statements below best explains how the use of money in an economy adds to the wealth of the society using it? Money creates wealth
A) because it is capital. B) by earning interest. C) by making specialization less costly. D) insofar as it is invested rather than consumed.
Options are popular because of all of the following EXCEPT:
A. they offer opportunities for high leverage. B. stock prices are volatile. C. they offer a tool to transfer risk. D. they present a tool to limit losses but also limit gains.
To ensure quality, piece-rate plans must usually be accompanied by:
A. time clocks. B. profit-sharing plans. C. spot checks. D. quality control mechanisms.
Assuming the price level has not changed, how would an increase in the aggregate demand affect real GDP?
A. It decreases. B. It increases. C. It only changes with changes in imports. D. It only changes with changes in exports.