Which of the following items is included in the calculations of the financial account in the U.S. balance of payments?
a. the value of U.S. stocks at year end
b. the purchases of U.S. stocks during the year
c. the dividends paid by U.S. stock issuers at year end
d. the income received from U.S. stocks during the year
b. the purchases of U.S. stocks during the year
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Of the following OECD countries, which has the highest life expectancy at birth?
A) the United Kingdom B) Japan C) Canada D) the United States
Liquidity is defined as
A) the ease with which a given asset can be converted to a store of value. B) the ease with which a given asset can be converted to a unit of account. C) the ease with which a given asset can be converted to a standard of deferred payment. D) the ease with which a given asset can be converted to a medium of exchange.
Economists and accountants both think of profits as total revenue minus total cost, but what they include in costs may differ
a. True b. False Indicate whether the statement is true or false
What is the difference between command-and-control policies and market-based policies toward externalities?
a. Command-and-control policies provide incentives for private decisionmakers to solve the problems on their own, whereas market-based policies regulate behavior directly. b. Command-and-control policies rely on taxes, whereas market-based policies rely on quotas. c. Command-and-control policies regulate behavior directly, whereas market-based policies provide incentives for private decisionmakers to change their behavior. d. Command-and-control policies are efficient, whereas market-based policies are inefficient.