When a foreigner buys shares in a U.S. company, the transaction
A. is registered as a debit in the capital account, and it increases private U.S. assets abroad.
B. is registered as a credit in the capital account, and it decreases foreign private assets in the United States.
C. is registered as a debit in the current account, and it decreases private U.S. assets abroad.
D. is registered as a credit in the capital account, and it increases foreign private assets in the United States.
Answer: D
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Which of the following is a macroeconomic concept?
A) The elasticity of supply of a good B) The per capita income of a country C) The average revenue earned by a firm D) The income elasticity of demand for a good
In the above figure, the production of 25 guitars and 25 ukuleles is
A) efficient production. B) inefficient production. C) impossible production. D) not possible since production always occurs along the PPC.
If a consumer is maximizing utility, she will purchase quantities of output to the point where the total utility per dollar spent on consumption is equal across all goods
a. True b. False Indicate whether the statement is true or false
The average tax rate is
A. the ratio of additional taxes to an additional dollar of income. B. the ratio of taxes to income. C. the ratio of taxes to GDP. D. the ratio of income to direct taxes.