Which of the following is not included in the current account?
A. exports of goods
B. imports of goods
C. U.S. capital inflow and outflow
D. unilateral transfers
Answer: C
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Aglets are the metal or plastic tips on shoelaces that make it easier to lace your shoes. The demand for aglets is probably
A) inelastic. B) unit elastic. C) elastic but not perfectly elastic. D) perfectly elastic.
The figure above shows Bill's Hotdogs, a monopolistically competitive firm. If other firms enter the market and have hot dogs that are very close substitutes for Bill's Hotdogs, then the demand curve for Bill's Hotdogs will ________
A) shift leftward and become more elastic B) shift rightward and become more elastic C) shift rightward and be parallel to the original demand curve D) shift leftward and be parallel to the original demand curve
A problem with the socialization argument is that _____
a. the organization of public schools often lends itself to segregation b. it is unfair c. students need to learn to be good citizens d. public schools are open to everyone
Identify an example of a flow variable
a. The volume of the federal government's debt b. The population of a country in a particular year c. The total amount of an individual's wealth d. The amount of sales tax collected per year e. The total amount of unemployment in an economy