The largest part of the U.S. current account consists of
A) Fed transfers of U.S. dollars to other central banks.
B) net transfer payments between the United States and Mexico.
C) receipts from exports and payments for imports.
D) net borrowing between the United States and other countries.
C
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Taxing pollution will encourage firms to reduce pollutants dumped in the atmosphere or in streams.
Answer the following statement true (T) or false (F)
Spending on new capital goods, new homes, and the addition of unsold goods to company inventories is included in:
A. service spending. B. government purchases. C. investment spending. D. consumption expenditures.
Which is not a determinant of the price elasticity of demand for most products?
A. The proportion of most consumers' budget spent on the product B. The slope of the demand curve for a product C. The amount of time consumers have to adjust their purchases of a product to a change in its price D. The number of good substitutes available for the product
In a market economy with no government intervention, the HOW to produce question is based on
A. Production costs plus environmental considerations. B. Production costs alone. C. Environmental considerations only. D. Consumer demand.