Net unilateral transfers would appear in a nation's
A) current account.
B) capital account.
C) official reserve transaction account.
D) financial account.
Answer: A
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Should economics be considered a science? Why or why not?
What will be an ideal response?
Cyclical unemployment is primarily caused by:
A. a large proportion of youthful workers in the labor force. B. fluctuations in aggregate demand. C. a lack of training on the part of job seekers. D. the failure of job seekers to search adequately for the available jobs.
The price system features
A. exchanges made in currency only. B. an exchange in which consumer is made better off and the producer is made worse off. C. exchanges made only on a barter basis. D. voluntary exchange that makes both the consumer and producer better off.
Over the past few years, airlines have tended to compete in the market for intercontinental business class travelers on the basis of:
A) price. B) cost. C) timeliness of their flight schedules. D) amenities.