Which of the following is TRUE about current cost method and market value method?
A) They are used by the BEA to place current values on foreign indirect investments.
B) These methods lead to the same valuations.
C) Based on the current cost method, the BEA's 2009 estimate of U.S. net foreign wealth was $2,737.86 billion.
D) The current cost method is preferred by the BEA.
E) Foreign direct investments of the U.S. are valued at their original purchase price.
C
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All else held constant, if the price of a resource used to produce product X falls, the
A. demand curve of X will shift to the right. B. supply curve of X will shift to the left. C. supply curve of X will not shift. D. supply curve of X will shift to the right.
Traffic congestion is an example of
A) a shortage of roadway space. B) a surplus of automobiles. C) a surplus of drivers. D) a surplus of people.
Historians generally agree that the railroads
(a) were absolutely essential for industrial growth in the 19th century. (b) were an indispensable "leading sector." (c) were our first "giant" enterprises. (d) provided a "social saving" of 90% or more.
Dividends are taxed three times
a. True b. False