Current account transactions are all payments that are related to the purchase or sale of
A. goods and services only.
B. services only.
C. goods and services excluding government purchases.
D. goods only.
Answer: A
You might also like to view...
Define a budget set. Is it the same as a budget constraint?
What will be an ideal response?
If the interest rate is above the equilibrium interest rate, then
A) there is an excess demand for money. B) the quantity of money demanded exceeds the quantity supplied. C) people will sell bonds and the interest rate will fall. D) people will buy bonds and the interest rate will fall.
The figure above shows the situation facing Smart Digit, Inc, a firm in monopolistic competition that produces calculators. What is the firm's economic profit per day?
A) zero B) between $1 and $700 C) between $701 and $900 D) more than $901
The Sugar Act (1764):
a. decreased the tariff that had been established by the Molasses Act. b. was designed to raise revenue for England. c. was more vigorously enforced than the Molasses Act. d. was designed to support England's mercantilist goals. e. All of the above.