If a nation begins to export a good,
a. the domestic price of that good will decrease
b. that country will typically erect barriers to trade
c. domestic producers of the good will be harmed
d. domestic consumers of the good will be harmed
e. both domestic consumers and domestic producers will benefit
D
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If the balance on the current account is $842 billion and the balance on the financial account is -$603 billion, what is the balance on the capital account, assuming no statistical discrepancy?
A) $1,445 billion B) $239 billion C) $0 D) -$239 billion
Which of the following markets would reach long-run equilibrium fastest?
A) online retail B) auto dealers C) oil extraction D) World Series tickets
Every time you go to the grocery store, you try to wait in the shortest line. But the lines always seem to be roughly the same length. Why?
A. Random chance equalizes the length of the lines. B. The cashiers work at the same speed. C. Other people are trying to choose the shortest line too. D. The cashiers do not have an incentive to work faster.
A risk premium is the added return an investor needs to compensate for the risks of future payments.
Answer the following statement true (T) or false (F)