Which of the following combinations is plausible for a nation's balance of payments? (All numbers in billions.)
A. current account = -40, financial account = -40
B. current account = -50, financial account = -50
C. current account = 10, financial account = 0
D. current account = 50, financial account = -50
Answer: D
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The United States bans most imports from all of the following countries except
A) China. B) Cuba. C) North Korea. D) Iran.
A common element in all of the banking crisis episodes in different countries is
A) the existence of a government safety net. B) deposit insurance. C) increased regulation. D) lack of competition.
In the fourteenth century it is estimated that deaths resulting from the bubonic plague reduced the population by about a third. Assuming diminishing returns, the decrease in population should have
a. increased productivity and real GDP per person. b. increased productivity but decreased real GDP per person. c. increased real GDP per person, but decreased productivity. d. decreased productivity and real GDP per person.
Suppose that at prices of $5, $4, $3, $2, and $1 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 units, respectively. Which of the following would increase the quantities supplied of Z to, say, 6, 8, 10, 12, and 14 units at these prices?
A. improved technology for producing Z B. increases in the incomes of the buyers of Z C. an increase in the excise tax on product Z D. an increase in the prices of the resources used to make Z