The table below contains hypothetical international balance-of-payments data for the United States. All figures are in billions. Compute with the appropriate sign (+ or ?) and enter in the table the six missing items. What was the condition of the balance of payments in the United States?
You might also like to view...
If total utility increases by smaller and smaller amounts as more units of a product are consumed, then marginal utility is:
a. decreasing and is a negative amount. b. decreasing and is a positive amount. c. zero. d. increasing and is a negative amount. e. increasing and is a positive amount.
Consider the following:
(i) The accompanying diagram shows a net borrower. Complete the diagram to show how a net borrower is affected by a rise in the interest rate. Is the net borrower better off or worse off? Does the net amount borrowed increase or decrease? Explain, using substitution and income effects.
(ii) The accompanying diagram shows a net lender. Complete the diagram to show how a net lender is affected by a rise in the interest rate. Is the net lender better off or worse off? Does the net amount lent increase or decrease? Explain, using substitution and income effects.
The field of political economy
a. applies the methods of political science to microeconomics. b. applies the methods of political science to macroeconomics. c. is relevant to the issue of how active government should be in economic matters. d. integrates psychological insights to better understand individual choices.
An obligation to make future payment is
A. Debt service. B. An asset. C. A liability. D. Debt refinancing.