When foreigners purchase U.S. assets, there is an inflow of funds from abroad and this is recorded as a
A. positive item in the capital account.
B. positive item in the current account.
C. negative item in the capital account.
D. negative item in the current account.
Ans: A. positive item in the capital account.
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In August 2015, the U.S. unemployment rate was highest for
A) whites. B) high school dropouts. C) Hispanics. D) African Americans. E) Asians.
Compared to IACs, LDCs are often characterized by:
a. lower adult literacy. b. lower per capita energy consumption. c. lower life expectancy. d. All of the answers are correct.
According to economists, which of the following is a good predictor of human behavior in most situations?
a. obligation b. altruism c. selfishness d. self-interest
If the CPI declines from one year to the next, then the following statements are true, except:
A. There is deflation B. The inflation rate is negative C. The average price level is decreasing D. The CPI turns negative in the next year