A portion of the balance of payments in which remaining outstanding claims are financed is known as the
a. current account.
b. settlement account.
c. capital account.
d. balance of trade.
b. settlement account.
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How is the official poverty line determined in the United States? What alternative method of measuring poverty has been suggested? Explain
What will be an ideal response?
If Congress fails to pass a budget before the fiscal year starts, then federal agencies may continue to operate only if Congress has passed a:
a. deficit reduction plan. b. continuing resolution. c. conference resolution. d. balanced budget amendment.
The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm:Q = a + bP +cM +dPRwhere Q is the quantity demanded of the product Conlan Enterprises sells, P is the price of that product, M is income, and PR is the price of a related product. The results of the estimation are presented below: 
Assume that the income is $10,000, the price of the related good is $40, and Conlan chooses to set the price of this product at $30. At the prices and income given above, what is the price elasticity of demand?
A. -0.86 B. -0.43 C. -1.00 D. -2.40 E. -1.43
A productivity increase is illustrated by a shift in the production function
A. downward. B. leftward. C. upward. D. rightward.