Refer to Figure 2-13. Which two arrows in the diagram depict the following transaction: Stanley purchases the novel, "Night of Sorrows" for his summer reading pleasure
A) J and M B) K and M C) K and G D) J and G
C
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If there is an increase in taxes on business firms in a small open economy, it causes the current account to ________ and the equilibrium quantity of saving to ________
A) fall; fall B) rise; remain unchanged C) fall; remain unchanged D) rise; fall
Discrimination lowers the average wage of members of one group of workers in spite of laws that require equal pay for all workers
a. True b. False Indicate whether the statement is true or false
Holders of a foreign currency are willing to supply that currency to Americans in exchange for dollars
a. only because they want to buy American goods b. only because they want to purchase American services c. primarily because they want to purchase American assets d. because they want to purchase American goods, services and assets e. because their governments force them to do so
Of the following balance of payments measures, which one shows bestwhether there are speculative financial capital flows from the nation?
a. Current account b. Balance on goods & services c. Balance on goods, services, and net income d. Capital account e. Financial account