Our ______ summarizes our transactions involving the international exchange of goods and services, investment income, and other miscellaneous transactions.
Fill in the blank(s) with the appropriate word(s).
current account
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How does a decrease in the price of one good affect a consumer's budget constraint? How is the effect different from a decrease in the consumer's income?
What will be an ideal response?
If the entire Social Security payroll tax were paid by the employers _____
a. the workers would be better off b. labor costs would increase c. the price of all non-labor goods would rise d. the employees after-tax wage would be unaffected
According to experience, what is the most effective solution to highway congestion?
a) to discount transit passes b) to discourage urban sprawl by subsidizing urban apartment rents c) to build more roads d) to set a price for access to roads, which is paid by those who use them
An example of a public good is
A. a joke. B. a book. C. an apple. D. a public utility.