If the income from investments abroad and net transfer payments are negligible, the current account becomes equivalent to a country's net exports
Indicate whether the statement is true or false
TRUE
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As U.S. real GDP rises, wealthier households may decide to buy ________ foreign goods and assets, which would cause a(n) ________ of the U.S. dollar.
A. more; appreciation B. fewer; appreciation C. more; depreciation D. fewer; depreciation
When a tax is placed on the sellers of cell phones, the size of the cell phone market
a. and the effective price received by sellers both increase. b. increases, but the effective price received by sellers decreases. c. decreases, but the effective price received by sellers increases. d. and the effective price received by sellers both decrease.
A pure discount bond is also known as a:
A. coupon bond. B. consol. C. zero-coupon bond. D. fixed payment loan.
The difference between the actual unemployment rate and the natural unemployment rate is
A. the percentage of discouraged workers in the labor force. B. frictional unemployment. C. cyclical unemployment. D. structural unemployment.