The balance of payments is
A) a summary record of the financial transactions of a country's government with foreign governments.
B) a summary record of a country's imports and exports of goods with foreign residents and governments.
C) a summary record of a country's economic transactions with foreign residents and governments.
D) a summary record of a country's purchases and sales of goods and services in the world market.
C
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Which of the following activities create a negative externality?
A) cleaning up the sidewalk on your block B) graduating from college C) keeping a junked car parked on your front lawn D) repainting the house you live in to improve its appearance
Monetarists assume that there is a powerful direct link between aggregate demand and
A) velocity. B) real money balances. C) wage rates. D) interest rates.
A more conservative stockholder will choose to hold preferred stock rather than common stock
Indicate whether the statement is true or false
If a government enacts a rent control to protect apartment tenants, the result is likely going to be
a. an increase in rents with a surplus of apartments. b. an increase in rents with a shortage of apartments. c. a decrease in rents with a surplus of apartments. d. a decrease in rents with a shortage of apartments.