Your purchase of a Gucci purse made in Italy would be classified as:
A. an export.
B. an investment good.
C. a durable good.
D. an import.
Answer: D
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Which of the following would not be considered money in the hands of the public?
a. cash hidden under a mattress b. a bank's vault cash c. cash in the cash register of a hardware store d. cash stored in the hardware store's vault e. cash in your wallet
Which of the following is true concerning IRA's, 401(k) and 403(b) plans?
a. Not everyone is eligible to put funds into them. b. There are restrictions on the amount of funds that can be put into them. c. Except under unusual circumstances, there are penalties for withdrawals before retirement. d. All of the above are correct.
In a nation's balance of payments, which one of the following items is always recorded as a positive entry?
A. Goods imports. B. Changes in foreign currency reserves. C. U.S. purchases of assets abroad. D. Exports of services.
Using a graph, illustrate what the market effects of a quota, a tariff, or a complete ban on imports would be
What will be an ideal response?