Over the long run, a government's fundamental source of revenues is
A) printing money.
B) user fees and taxes.
C) exports.
D) gold sales.
Answer: B
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In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts.
Which diagram above illustrates the effect on the natural-gas market, with the widespread use of "fracking" or hydraulic fracturing by gas-drilling companies?
A. (1) B. (2) C. (3) D. (4)
Trading in collateralized mortgage obligations (CMOs) takes place in the __________ market between __________
A) primary; specialists B) organized exchange; dealers C) over-the-counter; dealers D) primary; Ginnie Mae and Freddie Mac
A summary record of a country's international economic transactions in a given time period is the
A. Current account. B. Balance of payments. C. Capital account. D. Exchange rate balance.
If the income elasticity of a good is greater than zero, we say that the good is a:
A. normal good. B. inferior good. C. complementary good. D. substitute good.