Which of the following transactions would be included in Germany's current account?
A) A German citizen purchases a new Volkswagen made in Germany.
B) An American citizen purchases a new Volkswagen made in Germany.
C) A German citizen purchases 100 shares of Texas Instruments stock.
D) An American citizen purchases 100 shares of BMW stock.
B
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When a third string NFL quarterback earns more than a police officer, society answers the ________ question
A) for whom B) what C) how D) why E) social interest vs. self-interest
Refer to the table above, which gives five points on a nation's PPF. As we increase the production of X,
A) the output of Y increases. B) unemployment increases. C) the opportunity cost of each new unit of X increases. D) the opportunity cost of each new unit of X decreases.
Refer to Figure 4-6. What area represents the deadweight loss at P2?
A) G + H B) C + E C) B + C D) C + E + H
All of the following might create problems from financial liberalization in emerging countries EXCEPT
A) ineffective screening of borrowers. B) limits on risk-taking. C) lax government supervision of banks. D) lenders failure to monitor borrowers.