All of the following are deficit items in the balance of payments accounts EXCEPT
A) U.S. residents purchases of gold from foreign residents.
B) U.S. tourists spending funds in Europe.
C) exports of merchandise.
D) U.S. purchases of foreign companies' stocks and bonds.
C
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How does the text distinguish between the market and government?
A) The market is based on competition; the government is based on cooperation. B) The market is based on prices; the government is based on policies. C) The market is based on individualism; the government is based on socialism. D) In all of the above ways. E) In none of the above ways.
If depreciation exceeds gross investment, net investment is negative
Indicate whether the statement is true or false
The percentage of people without health insurance at some time during 2014 was
A. 76%. B. 2%. C. 17%. D. 8%.
If your nominal income rises faster than the price level,
A. Your real income has risen. B. You can buy fewer goods and services. C. There must be deflation. D. Your real income has fallen.