When net unilateral transfers are added to the net exports of goods and services, the result is called the
a. merchandise trade balance
b. official reserve transactions account
c. balance of payments
d. balance on capital account
e. balance on current account
E
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The United States tends to export
A) only a narrow range of products such as wheat. B) a wide set of products, primarily manufactured goods. C) very little. D) None of the above.
Vertical integration can lower firms' costs through each of the following except which one?
A) creating synergies B) increasing the required areas of managerial expertise C) increasing flexibility by eliminating a contract with an input supplier D) reducing information costs
To fund its expenditures after the Great Recession, the U.S. government:
a. Borrowed in private capital markets. b. Borrowed in the federal funds market. c.Created money to finance its spending needs. d. All of the above.
If the Fed were to enter the foreign exchange market and purchase euros, the impact on domestic banking reserves would be:
A. domestic banking reserves would decrease. B. the same as it would be with an open market purchase. C. the opposite of what it would be with an open market purchase. D. uncertain.