The net international investment position of the United States measures
A) U.S. holdings of foreign assets minus foreign holdings of U.S. assets.
B) foreign holdings of U.S. assets.
C) U.S. holdings of foreign assets.
D) U.S. holdings of foreign assets plus foreign holdings of U.S. assets.
A
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All but the most primitive societies use money as a medium of exchange, implying that
A) the use of money is economically efficient. B) barter exchange is economically efficient. C) barter exchange cannot work outside the family. D) inflation is not a concern.
In the 1970s, the government placed price ceilings on gasoline prices. A shortage of gasoline occurred, and long lines formed at the pumps. Some gas stations required that in addition to paying the price on the pump you had to buy a blank will. The action of having to purchase the will in order to purchase gas is known as
A. a surplus. B. the price system. C. a price support. D. a black market.
Lower interest rates cause the velocity of M1 to
A) turn negative. B) move erratically. C) increase. D) decline.
Which of the following is not a common property?
A) a city park B) a main street C) a public beach D) a movie screening