Irish aid to developing countries appears in the Balance of Payments as:
(a) A credit item in the current account;
(b) A debit item in the current account;
(c) A debit item in the capital account;
(d) A debit item in the financial account.
Answer: (a) A credit item in the current account;
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Which of the following is NOT a necessary precondition for economic growth?
A) economic freedom B) democracy C) property rights D) free markets E) ALL of the above are necessary preconditions.
Both a price floor and a price ceiling will reduce that amount of a good that is traded in the market
Indicate whether the statement is true or false
A U.S. company uses U.K. pounds it already owned to purchase bonds issued by a company in the U.K. Which of these countries has an increase in net capital outflow?
a. The U.S. and the U.K. b. The U.S. but not the U.K. c. The U.K. but not the U.S. d. Neither the U.S. nor the U.K.
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