In order to finance the U.S. current account deficit, we must
A. increase the income tax rate.
B. increase government spending.
C. run a surplus in the capital account.
D. decrease the income tax rate.
C. run a surplus in the capital account.
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Refer to the table above. If there is no statistical discrepancy, the official settlement account balance equals
A) +$200 billion. B) -$20 billion. C) zero D) +$220 billion. E) +$20 billion.
Which of the following firms is most likely to be a perfectly competitive firm?
a. one of the three largest U.S. automakers b. one of the "Seven Sisters" oil producers c. a public school operated by the government d. a soybean farmer e. a manufacturer of refrigerators
A bank that has $10,000 in excess reserves can extend new loans up to a maximum of
a. $1,000. b. $9,000. c. $10,000. d. $100,000.
The accompanying figure below shows a single consumer's demand for ice cream at the student union.
During a regular semester, there are 500 students on campus. Each student's weekly demand for ice cream is shown above. When the price of ice cream is $2.00 per scoop, those 500 students purchase a total of ________ scoops per week from the student union.
A. 2,500 B. 3,000 C. 2,000 D. 5,000