Any action that gives rise to a supply of foreign currency is a
A) deficit item on the current account and a surplus item on the financial and capital accounts.
B) surplus item on the current account and a deficit item on the financial and capital accounts.
C) surplus item on the current, financial, or capital account.
D) deficit item on the current, financial, or capital account.
C
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Compared to English and colonial vessels, Dutch flyboats:
a. were lighter. b. required smaller crew. c. carried fewer armaments. d. cheaper to build and operate. e. All of the above.
Some pollution occurs because property rights to some resources are well defined
a. True b. False
All firms and all industries face identical long-run average cost curves
Indicate whether the statement is true or false
Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: