East Northland has forgiven the debt it was owed by South Westland. This would be reflected in the ________ account.
A. current
B. financial
C. reserve
D. capital
Answer: D
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As a result of a major overhaul of the U.S. welfare system in 1996:
A. Benefits were expanded for immigrants B. Immigrants are denied benefits for their first five years in the U.S. C. Immigrants are denied benefits for their first three years in the U.S. D. More immigrants qualified for welfare benefits
The difference between savings and saving
A) is nonexistent. B) is that savings is measured in real terms while saving is measured in nominal terms. C) is that savings is a stock concept and saving is a flow concept. D) is that savings occurs when consumption does not and saving is used to purchase consumption goods.
In 2012, which of the following countries had the highest share of investment spending in GDP?
A) China B) France C) the United States D) Germany
If the prices for the same goods and services are different in two nations, the exchange rate adjusts over the long run to achieve
A) zero net exports for each nation. B) purchasing power parity between the two currencies. C) balance of payments account between the two nations equal to zero. D) a zero current account balance between the two nations. E) interest rate parity.