A statement of assets and liabilities of any business entity is
A. net worth.
B. a balance sheet.
C. legal reserves.
D. a sweep account.
Answer: B
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Which of the following are theories of the BOT?
A) monetary approach B) absorption approach C) elasticities approach D) Both B and C
Between Independence and the Civil War, American population growth was
(a) steady and constant. (b) rapid but wildly unstable. (c) positive and rapid. (d) heavily concentrated in the settlement in Western lands.
Which of the following does NOT involve transfers in kind?
A) public housing B) food stamps C) Medicare D) salaries of government employees
Non-tariff barriers are tools that countries use to restrict trade such as regulatory or legal barriers or slow processing of goods at borders.
Answer the following statement true (T) or false (F)