In the basic closed-economy ISLM model, the goods market equilibrium condition is
A) output = consumption + investment + government spending.
B) output = consumption + investment + government spending - tax.
C) output = consumption + investment + government spending + net export.
D) output = potential output.
A
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Waiting in line for a free ticket involves no opportunity cost.
Answer the following statement true (T) or false (F)
Of the following assets, the least liquid is
A) stocks. B) traveler's checks. C) checking deposits. D) a house.
The intent of the Sarbanes-Oxley Act was to
a. help companies be better able to deal with the ethical problems raised by increased technology b. restore stakeholder confidence in the securities market after a series of scandals in the early 2000s c. create a commission that would monitor the accounting records of major businesses d. scare businesses into conforming with the GAAP standards in their accounting practices
A citizen in a developing country with a currency policy of convertibility on the current account could engage in all of the following transactions except:
A. sell foreign currency resulting from the exports of manufactured t-shirts. B. sell foreign currency resulting from the sale of a U.S. treasury bond. C. purchase foreign currency in order to import a BMW. D. purchase foreign currency in order to purchase a U.S. treasury bond.