Which of the following situations would cause the statistical discrepancy to be $20 billion?
a. a current account balance of $380 billion and a financial account balance of $360 billion
b. a current account balance of negative $400 billion and a financial account balance of $380 billion
c. a current account balance of $100 billion and a financial account balance of negative $80 billion
d. a current account balance of negative $50 billion and a financial account balance of $70 billion
b. a current account balance of negative $400 billion and a financial account balance of $380 billion
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List the five approaches used to solve the problem of externalities
What will be an ideal response?
According to estimates by Richard Vedder, rates of exploitation for slaves:
a. are similar to those of antebellum manufacturing workers. b. indicate that slaves received nearly the full marginal value product of their labor. c. equaled 50-65 percent of their value marginal product. d. cannot be determined due to inadequate data on maintenance costs of adult slaves.
Which of the following is not part of the investment component of GDP?
a. residential construction b. plant, equipment, and software c. net imports d. business structures
An adverse supply shock causes inflation to
a. rise and the short-run Phillips curve to shift right. b. rise and the short-run Phillips curve to shift left. c. fall and the short-run Phillips curve to shift right. d. fall and the short-run Phillips curve to shift left.