Wealth is measured as
A) only tangible objects.
B) only buildings, machinery, land, cars, stocks and bonds.
C) only nonhuman wealth.
D) nonhuman and human wealth.
D
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A constant-cost industry is one in which
A. the long-run supply curve is upward sloping. B. the long-run supply curve is perfectly inelastic. C. the long-run supply curve is downward sloping. D. the long-run supply curve is perfectly elastic.
In the spot foreign exchange market,
A) only dollars, yen, and pounds may be traded. B) only dollars and yen may be traded. C) currencies or bank deposits are exchanged immediately. D) currencies or bank deposits are exchanged at a fixed date (or spot) in the future.
Why do people often tend to take risks if they are insured?
What will be an ideal response?
The payment of a dividend by an American company to a foreign stockholder represents
A) a debit in the U.S. capital account. B) a credit in the U.S. current account. C) a credit in the U.S. official reserve account. D) a debit in the U.S. current account.