The balance of payments accounts contain information about the
A. purchases of U.S. financial assets by foreigners.
B. purchases of foreign financial assets by U.S. citizens.
C. levels of U.S. exports and imports.
D. All of the choices/statements are true.
D. All of the choices/statements are true.
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Joshua's indifference curves for two products are shown below:
Which of the following indifference curves is the most preferred?
A. U1 B. U2 C. U3 D. Unclear given the current information
In the figure above, if the market is unregulated, then at the equilibrium output level, the marginal social cost of production
A) is less than the marginal benefit to consumers. B) exceeds the marginal benefit to consumers. C) equals the marginal benefit to consumers. D) equals the marginal private cost of production.
When the price of summer tank tops falls and you buy more of them because they are relatively less expensive, this is called
A) the income effect. B) the deadweight loss effect. C) the elasticity effect. D) the substitution effect.
If the transactions approach to measuring money is used, then the money supply consists of
A) currency only. B) transaction deposits only. C) currency and transaction deposits only. D) currency, checkable and debitable deposits, and traveler's checks.