The balance of payments accounts record all of the following EXCEPT the country's
A) domestic investment.
B) international lending.
C) international borrowing.
D) change in official reserves.
E) international trading.
A
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When regulated using rate of return regulation, who benefits from the practice of some natural monopolies to count sumptuous offices, free baseball tickets, golf excursions, and limousines as costs of production?
A) stockholders B) managers of the monopoly C) customers of the monopoly D) regulators of the industry E) None of the above answers is correct.
Which of the following is the most liquid asset?
a. A classic art painting. b. A commercial building. c. A savings bond d. A checking account balance e. Gold
The typical state spends the most on
a. education. b. Medicare and Social Security. c. highways. d. defense.
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires.
A congresswoman from a state with several tire factories argues that the United States should threaten to impose a tariff on Chinese tires in order to induce the Chinese to remove its tariff on American cars. Which of the following justifications is the congresswoman using to argue for the trade restriction on tires? a. Infant-industry argument b. Jobs argument c. National-security argument d. Using-protection-as-a-bargaining-chip argument e. Unfair-competition argument