Since 1999, the capital account has recorded
A) relatively minor transactions, such as migrants' transfers, and sales and purchases of nonproduced, nonfinancial assets.
B) transactions that affect the balance of trade or the balance of services.
C) statistical discrepancy between the current account and the financial account.
D) transactions that affect net capital flows in the economy.
A
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A sudden fall in the market demand in a competitive industry leads to
a. A short run market equilibrium price higher than the original equilibrium b. A market equilibrium price lower than the short run price c. Some firms exiting the market d. All of the above
An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route b. a piece-rate garment worker shirking more than a per jour worker c. an hourly salesman working harder than a commission salesman d. an author on contract going to fewer book signings as one with a percentage royalty rate
If the U.S. dollar depreciates against the yen below the targeted exchange rate, the U.S. Federal Reserve has to intervene in the foreign exchange market such that:
a. the U.S. demand for yen rises. b. the supply of U.S. dollars rises. c. U.S. exports to Japan fall. d. the U.S. dollar is devalued. e. the supply of U.S. dollars falls.
A point on a demand curve indicates:
a. A combination of two consumer goods which buyers will choose at given prices b. A particular price and the corresponding quantity demanded by consumers c. The ratio of the selling price to the buying price d. A situation where the buying and selling decisions of consumers and producers are consistent