The account that records changes in the U.S. government's holdings of foreign currency is the
A) capital and financial account.
B) official settlements account.
C) current account.
D) U.S. official reserves account.
B
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Real per capita GDP in the United States in 2015 was approximately
A. $16,349. B. $47,845. C. $50,820. D. $16.3 trillion.
An increase in aggregate demand is most likely to be caused by a(n) ________.
A. decrease in the tax rates on household income B. increase in real interest rates C. decrease in expected returns on investment D. decrease in government spending
When a motorist speeds down the road at well above the posted limit, economists believe that the principle of ____ may be directing his actions
a. rent seeking b. defective telescopic faculty c. moral hazard d. resource misallocation
You are considering the purchase of a business that is currently earning $25,000 per year in after-tax profit. If these conditions are expected to continue year after year into the future, and the interest rate is currently 10 percent, the current market value of this business is
a. $2,500. b. $25,000. c. $250,000. d. $2,500,000.