In international trade, all payments and gifts that are related to the purchase or sale of both goods and services are referred to as the
A) current account.
B) financial account.
C) labor account.
D) official reserve transactions account.
Answer: A
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Today's forward rate must equal the future spot rate
Indicate whether the statement is true or false
The Budget Enforcement Act of 1990: a. was a package of spending cuts and tax increases designed to reduce budget deficit
b. succeeded in balancing the budget cyclically. c. succeeded in balancing the budget within two years. d. identified defense and international programs as the only two areas of potential spending cuts. e. gave the President the authority to make unilateral spending cuts to balance the budget.
The efficient markets theory of stock prices, says that new information
a. is quickly and completely incorporated into stock prices b. is incorporated into stock prices only when discovered by fundamental analysis c. causes stock prices to increase d. has little impact on stock prices e. is incorporated into stock prices with a time lag of a few days
Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?
a. The total number of hours worked rose. b. The total number of hours worked stayed the same. c. The total number of hours worked fell. d. Both b and c are correct.