A nation's account with the IMF is called its
A) quota subscription. B) capital account.
C) deposit surplus. D) current account.
A
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National defense is considered a public good because there appears to be no limits to the nonrivalry-in-consumption characteristic, and exclusion of nonpayers is impossible. Are there any other goods that so perfectly meet both public goods criteria?
Before World War II, the average level of prices in the United States usually
A. fell during wartime and fell during peacetime. B. rose during wartime and rose during peacetime. C. fell during wartime and rose during peacetime. D. rose during wartime and fell during peacetime.
If economic profits exist (i.e., above $0, or "above-normal") in a competitive market new firms will enter to drive down price.
a. true b. false
The bid price for a bond is
A) the minimum price that you are allowed to bid for a bond that is being auctioned by the government. B) the maximum price that you are allowed to bid for a bond that is being auctioned by the government. C) the price that you will receive from a securities dealer if you sell the bond. D) the price that you must pay a securities dealer to purchase a bond.