In the balance of payments, the statistical discrepancy is used to
A. obtain an accurate account of a balance-of-payments surplus.
B. ensure that the sum of all debits matches the sum of all credits.
C. ensure that the value of imports equals the value of exports.
D. show how a balance-of-payments deficit is funded.
Answer: B
You might also like to view...
When a government fines and/or imprisons convicted drug dealers, it is attempting to reduce the illegal drug trade by shifting the ________ curve for illegal drugs ________
A) demand; rightward B) demand; leftward C) supply; rightward D) supply; leftward
A good that is nonrival but exclusive is called
a. a private good b. a public good c. a quasi-private good d. an external good e. a normal good
Consider two coupons: one offers 50 percent off a scarf that costs $20, and the other offers 5 percent off a jacket that costs $200. Using either coupon requires driving to the shopping mall across town. According to the Weber-Fechner law, which coupon will people tend to perceive as being more valuable?
A. Neither coupon will be of value to anyone since both require driving across town. B. They will be seen as equally valuable since both lead to a savings of $10. C. The coupon for the jacket since $200 is greater than $20. D. The coupon for the scarf since 50 percent is greater than 5 percent.
The models used in economics:
A) are usually limited to variables that are directly related. B) are essentially not reliable because they are not testable in the real world. C) are of necessity unrealistic and have no relationship to the real world. D) emphasize basic relationships by abstracting from complexities in the everyday world.