Which of the following will be included in the services account of a country?
a. Imports of goods from a foreign country
b. Gifts to the residents of a foreign country
c. Exports of goods to a foreign country
d. Purchase of land in a foreign country
e. Transportation costs involved in international travel
e
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Fractional reserve banking refers to a system in which the depository institution
A) holds reserves equal to its deposits. B) holds reserves greater than its deposits. C) holds reserves less than its deposits. D) holds zero reserves.
Research into new technologies conveys neither negative externalities nor positive externalities
a. True b. False Indicate whether the statement is true or false
Refer to the above diagram. Discretionary fiscal policy designed to slow the economy is illustrated by:
A. the shift of curve T1 to T2. B. a movement from a to c along curve T2. C. the shift of curve T2 to T1. D. a movement from d to b along curve T1.
A potential problem with piece-rate plans is that:
A. it is difficult for managers to enforce. B. workers have no incentive to work hard. C. workers may put little emphasis on the quality of the good. D. workers will have a tendency to under-produce the good.