The absolute value of a country's balance on current account will always equal its balance on capital account, although one is positive and the other negative
Indicate whether the statement is true or false
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During 2011 the inflation rate in Brazil was about 6.6% while in the U.S. it was about 3.3%. At the start of 2011 the nominal exchange rate was about 1.7 Brazilian real per U.S. dollar. If purchasing-power parity holds, about what should the nominal exchange rate have been at the end of 2011? Show your work
Platform businesses often don't charge people for their product. They do this because:
A. they earn income by mining the data they collect. B. they are paid by government. C. serving the public is what is meant by platform. D. they gain goodwill by not charging for their product.
Suppose you buy a house for $250,000. One year later, the market price for the house has fallen to $200,000. What is the return on your investment in the house if you made a down payment of 10 percent and took out a mortgage loan for the other 90 percent?
What will be an ideal response?
The marginal cost of producing 25 units of a public good is $100. There are two individuals in the society. Person A is willing to pay $40 for 25 units of the public good. If 25 units of the public good are provided, then Person B must be willing to pay
A. $0. B. $40. C. $60. D. $75.