The balance of trade records
A) trade in financial assets.
B) the current account plus long-term capital.
C) the value of merchandise exports minus imports.
D) short-term capital plus the basic balance.
C
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The American Revolution resulted in
(a) a loss of British military assistance, governmental expertise, judicial assistance and public funding for wars. (b) greatly expanded rights for wage workers and indentured servants. (c) significant change with respect to market behaviors, ownership of property and individual freedom. (d) a dramatic change in laws and the ownership of property.
The supply curve for a particular bond is vertical
a. True b. False
Refer to Figure 1A.1. If the hours worked per week are 20, the income per week is:
A. 50. B. 100. C. 150. D. 200.
A carbon tax placed on coal will:
A. shift the supply curve for coal to the right. B. shift the supply curve for coal to the left. C. not affect the supply curve for coal. D. decrease the demand for coal.