Countries such as the United States that have large populations tend to have
A) higher trade-to-GDP ratios.
B) lower trade-to-GDP ratios.
C) relatively greater capital outflows.
D) relatively smaller capital outflows.
E) None of the above.
B
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Bank customers perceive Internet-only banks as being
A) more secure than physical bank branches. B) a better method for the purchase of long-term savings products. C) better at keeping customer information private. D) prone to many more technical problems.
If the exchange rate between euros and dollars were 2 euros per dollar, when a French tourist buys a good valued at $80, its cost in euros would be: a. 160 euros. b. 80 euros
c. 78 euros. d. 40 euros.
When a loan is amortized, it means the:
A. interest is due entirely at the maturity date. B. principal in never repaid, only interest. C. borrower is in default. D. principal and interest are paid off by the borrower over the life of the loan.
Overall, the U.S. tax system (combined federal, state, and local) is:
A. highly progressive. B. slightly progressive. C. slightly regressive. D. highly regressive.