If U.S. net exports are $100 billion and the U.S. purchased $250 billion in foreign assets, then what amount of U.S. assets did foreigners purchase?
a. $150 billion
b. -$100 billion
c. $250 billion
d. -$150 billion
e. $50 billion
A
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The payments to owners of capital include
A. interest and profits. B. debt and taxes. C. wages and salaries. D. expenses and bonuses. E. All of the responses are correct.
The main reason why income per capita and income per worker varies across countries is because ________
A) prices vary across countries B) currencies vary across countries C) productivity varies across countries D) interest rates vary across countries
Entrepreneurs create destruction
Indicate whether the statement is true or false
Suppose the Fed sells a $50,000 U.S. Treasury security to Martha, a member of the public. If Martha writes a check to the Fed in order to buy this security, the money in her checking account will be transferred to
A) the Fed, and now the Fed will have $50,000 more in reserves than it had before. B) her bank, and now her bank will have $50,000 more in reserves than it had before. C) the Fed, and now it is as if the money doesn't exist. D) the Treasury, and now the Treasury will have $50,000 more in reserves than it had before.