During this year, a country reports imports of $1,000 billion, exports of $1,100 billion, foreign investment in the country of $900 billion, investment abroad of $1,200 billion, net interest and net transfers of zero
What is the country's current account balance?
The current account balance is $100 billion.
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In the table above, how many jackets must Mary forgo for every dress she makes?
A) 2/3 of a jacket B) 12 jackets C) 3/4 of a jacket D) 8 jackets E) 1 1/2 jackets
All of the following characteristics are common to both monopolistic competition and perfect competition except
A) firms act to maximize profit. B) firms take market prices as given. C) entry barriers into the industries are low. D) the market demand curves are downward-sloping.
If all poor families had the same income and no more than 4 persons, nearly one-eighth of the nonaged poor would no longer be counted as poor
Indicate whether the statement is true or false
Which of the following statements is a normative as opposed to a positive economic statement?
A. Consumer spending helps to create jobs. B. Labor unions should be allowed to organize in every country. C. When a government prints too much money, inflation tends to rise. D. If the price of cars goes up, people buy fewer cars.