Under the Gold standard, a country is said to be in balance of payments equilibrium when the current account balance is
A) financed entirely by international lending without reserve movements.
B) financed by international lending and with reserve movements.
C) equal to zero.
D) financed entirely by international lending and past gold reserves.
E) financed entirely by gold reserves.
A
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According to the best evidence, immigration in the U.S.:
A. Raises the wages of low-skilled native-born workers and decreases the salaries of highly-skilled native born workers B. Increases the wages of both low-skilled native-born workers and highly-skilled native born workers C. Reduces the wages of low-skilled native-born workers and increases the salaries of highly-skilled native born workers D. Reduces the wages of low-skilled native-born workers and may decrease the salaries of highly-skilled native born workers
Electric car manufacturers want to sell more electric cars at a higher price. Which of the following events would have this effect?
A) an increase in the price of gasoline. B) technological advancement in the production of electric car batteries. C) an increase in the number of manufacturers of electric cars. D) a decrease in the price of lithium, which is used in the electric car batteries.
Which of the following generalizations about the burden of an excise tax is correct?
a. The more inelastic the supply of a product, the larger the portion of an excise tax will be paid by buyers. b. The more inelastic the demand for a product, the larger the portion of an excise tax will be paid by buyers. c. The more elastic the supply of a product, the smaller the portion of an excise tax will be paid by buyers. d. The burden of an excise tax on a product is independent of the elasticity of the supply and demand for the product on which the tax is levied.
The aggregate demand curves shifts rightward in response to ______.
a. increases in total purchases in the economy b. a fall in consumer confidence c. decreases in total purchases in the economy d. increases in real interest rates