In the long run, imports will most likely be paid for with
A) exports.
B) the sale of real and financial assets.
C) the extension of credit.
D) higher domestic unemployment.
Answer: A
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The duration of a coupon bond increases
A) the longer is the bond's term to maturity. B) when interest rates increase. C) the higher the coupon rate on the bond. D) the higher the bond price.
Which of the following is true?
a. The United States is rich because it has democratic political institutions. b. Economic growth is primarily the result of gains from trade, discovery of better ways of doing things, and capital investment. c. Without foreign aid, poor countries are unable to break the cycle of poverty, low savings and investment, and economic stagnation. d. Most all countries with an abundance of natural resources have been able to achieve rapid growth and high levels of per capita income.
Which of the following would macroeconomics study?
a. a general rise in prices b. a decline in coffee prices c. the success rate of sandwich shops d. the work habits of students
When you make a purchase at a retail store by giving your bank an instruction to transfer funds directly from your bank account to the store's bank account, you have most likely made the purchase using
A. credit. B. a loan. C. cash. D. a debit card.