In the U.S. balance of payments, purchases of foreign assets by U.S. residents are tabulated as a:
A. unilateral transfer.
B. capital outflow.
C. current account outflow.
D. capital inflow.
Answer: B
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Between 1821 and 1930, the U.S. gained a comparative advantage in the production of agricultural goods
Indicate whether the statement is true or false
Which of the following is true of the disposable income of the households?
a. An increase in the average price level lowers the disposable income of the households. b. Disposable income refers to the purchasing power of nominal income. c. An increase in direct taxes will lower the disposable income of the households. d. A decrease in government transfers will increase the disposable income of the households. e. Disposable income refers to the net private transfers of the household sector.
When an investment bank ________ securities, it guarantees a price for a corporation's securities and then sells them to the public
A) underwrites B) undertakes C) overwrites D) overtakes
Everything else held constant, an increase in the interest rate paid on checkable deposits will cause ________ in the amount of checkable deposits held relative to currency holdings and ________ in the currency ratio
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease