Over the last 25 years, according to the United States balance of payments
A) the current account and the capital and financial account balances tend to move in the same direction.
B) the current account and the capital and financial account balances tend to move in opposite directions.
C) there is no clear relationship between the current account balance and the capital and financial account balance.
D) the official settlements balance fluctuates greatly from year to year.
B
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Answer the next question(s) based on the information given in the following table.EmploymentTotal ProductProduct Price00$3112322233303436354036423If the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ
A. 2 workers B. 3 workers C. 4 workers D. 5 workers
When the federal government gives a grant to a state or local government without restrictions on use, this is known as
A. revenue sharing. B. block grants. C. endowments. D. tax shelter.
Three possibilities have probabilities 0.4, 0.4 and 0.2 and values $10, $20, and $30 respectively. The expected value is:
a. $15 b. $16 c. $17 d. $18
When a tax on a good starts small and is gradually increased, tax revenue will
a. rise b. fall c. first rise and then fall d. first fall and then rise e. do none of the above