When goods or services cross international borders
a. countries must ship gold to make payment.
b. money must generally move in the opposite direction.
c. a future shipment must be made to offset the current purchase.
d. payment must be made in another good, using barter.
b
You might also like to view...
A cost center is
a. evaluated based on minimizing costs within the division b. evaluated based on maximizing costs within the division c. evaluated based on minimizing profits generated by the division d. evaluated based on maximizing profits generated by the division
The consumer price index (CPI) is a number that measures movements in the average (general) level of prices
a. True b. False Indicate whether the statement is true or false
In the supply and demand model, a subsidy granted to buyers is illustrated by
a. a downward shift in the demand curve, by the per unit amount of the subsidy. b. an upward shift in the demand curve, by the per unit amount of the subsidy. c. a downward shift in the supply curve, by the per unit amount of the subsidy. d. an upward shift in the supply curve, by the per unit amount of the subsidy.
The short-run Phillips curve intersects the long-run Phillips curve where
a. the actual rate of inflation equals the expected rate of inflation. b. the actual rate of unemployment equals the natural rate of unemployment. c. Both A and B are correct. d. None of the above is correct.