In an open economy, the current account balance equals ________. (Assume that the capital account is zero and net transfers are zero.)
A) net foreign investment + domestic investment
B) net foreign investment
C) net capital outflows
D) the financial account balance + net income on investments
B
You might also like to view...
Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess ________ of goods which will cause aggregate output to fall
A) right; supply B) right; demand C) left; supply D) left; demand
The failure of the Bank of the United States in December 1930 probably intensified the banking panic for each of the following reasons except that it proved that ___
a. the Fed might fail to act as a lender of last resort. b. big banks could fail. c. New York Banks could fail. d. that Wall Street banks could fail.
The U.S. government's fiscal year extends from: a. January to December
b. April of one year to March of the next year. c. June of one year to May of the next year. d. September of one year to August of the next year. e. October of one year to September of the next year.
How does the size of the deadweight loss from a tax depend on the price elasticities of supply and demand?