A country reports exports minus imports of $300 billion, net interest income of $30 billion, net transfers of $50 billion, and no change in official reserves. The country is a
A) net liability.
B) net borrower.
C) net lender.
D) debtor nation.
E) net asset.
C
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A person who agrees to buy an asset at a future date is going
A) long. B) short. C) back. D) ahead.
The organized labor movement was held back by the law of conspiracy
Indicate whether the statement is true or false
This graph depicts the demand for a normal good.
Suppose Johnny was consuming a normal good at point A in the figure shown, but has just received a raise at work. Johnny's demand may:
A. be unaffected.
B. increase to point B.
C. increase to point C.
D. drop to zero.
After a speculative attack has been successful, and a country is forced to devalue its currency, it is common to see many local business firms driven to bankruptcy. This most commonly occurs because _____
a. nobody ever wants to invest in a country that just suffered a devaluation b. many local firms took foreign loans (denominated in, say, dollars), and they cannot repay them at the new exchange rate c. the WTO forces troubled firms to show profits or make way for new, more efficient firms d. local firms cannot compete with their foreign competitors at the new prices after the devaluation e. many local firms do not know how to deal with the complicated financial operations involved in a speculative attack