The financial account is
A. the reserve assets created by the International Monetary Fund for countries to use in settling international payment obligations.
B. a category of the balance of payments transactions that measures flows of real and financial assets.
C. a category of the balance of payments transactions that measures the exchange of merchandise, the exchange of services, and unilateral transfers.
D. the price of one nation's currency in term of the currency of another country.
Answer: B
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Which of the following events would most likely reduce aggregate demand?
A. An increase in real interest rates. B. An increase in expected returns on investment. C. A reduction in business and personal tax rates. D. A reduction in the amount of existing capital stock.
Refer to the above figure. If the farmer has 50 acres of land, the farmer is producing at point a, and an acre of land yields 400 bushels of beans or 800 bushels of wheat, how much land is devoted to the production of wheat?
A) 8.5 acres B) 10 acres C) 12.5 acres D) 15 acres
When firms in a U.S. industry outsource some of their production,
A) both U.S. labor demand and U.S. wages in the industry fall B) U.S. labor demand falls, but U.S. wages are not affected. C) U.S. labor demand remains unchanged, but U.S. wages fall. D) U.S. labor demand falls, but U.S. wages increase.
Ceteris paribus, a decline in the general price level in the United States will make foreign-produced goods relatively more expensive to the U.S. residents and increase the aggregate demand of domestic goods
a. True b. False Indicate whether the statement is true or false