An accounting identity
A. is useless in analyzing balance of payments since one cannot tell from the identity whether an equilibrium exists or not.
B. ensures a balance but does not ensure an equilibrium.
C. applies only to plans of economic agents and not to their actual actions.
D. ensures that all balances will be in equilibrium.
Answer: B
You might also like to view...
The U.S. market for interbank borrowing and lending is called the:
a. Money market. b. Eurodollar market. c. Federal funds markets. d. Real Goods Market. e. Primary market.
What might cause diseconomies of scale?
What is the value of the deposit multiplier in a 100-percent reserve banking system?
A) 0. B) 1 C) a value between 0 and 1 D) a value greater than 1
Number of workersUnits of output0012525539541255150
Refer to Table 5.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. Diminishing returns set in with the addition of the:
A. third worker. B. fourth worker. C. fifth worker. D. sixth worker.