Suppose the current account has a value of -$500,000 and the financial account has a value of $525,000. The value of the capital account is ________.
A. $25,000
B. -$25,000
C. $500,000
D. -$500,000
Answer: C
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The "brain drain" problem in the DVCs refers to the fact the best-educated workers:
A. are reluctant to become entrepreneurs. B. are concentrated in rural areas where their skills are underutilized. C. often immigrate to industrialized countries. D. are reluctant to work in the public sector.
What is the fastest growing component of consumption in the United States?
A) new home construction B) services C) nondurable goods D) durable goods
Any change that increases the quantity of labor supplied at all wage rates will ________, assuming all else equal
A) shift the labor supply curve to the left B) cause an upward movement along the labor supply curve C) shift the labor supply curve to the right D) cause a downward movement along the labor supply curve
In which of the following countries do elective medical procedures generally receive lower priority, often resulting in longer waiting times than are common under more privately-funded systems?
A) Japan and the United States B) Japan and Canada C) Canada and the United Kingdom D) the United Kingdom and the United States