The Embargo Act (1807):
a. partially opened up trade with some specific prohibitions.
b. successfully forced England and France to ease their harassment of neutral ships.
c. reduced U.S. imports, but increased U.S. exports.
d. remained in effect until after the Civil War.
e. None of the above are correct.
a. encouraged capital to flow into the manufacturing sector.
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A Nash equilibrium:
A. is reached when all players choose the best strategy they can, given the choices of all other players. B. is a point in a game when no player has an incentive to change his or her strategy, given what the other players are doing. C. is a stable outcome of a game. D. All of these statements are true.
The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into and out of the country
a. universal transfer; financial b. universal transfer; current c. current; financial d. capital; current e. capital; financial
You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money's function as a _______. The laptop's price is posted as $500 . The $500 price illustrates money's function as a _____. You use the $500 to purchase the laptop. This transaction illustrates money's function as a ______
a. store of value, medium of exchange, unit of account b. store of value, unit of account, medium of exchange c. medium of exchange, unit of account, store of value d. medium of exchange, store of value, unit of account
Credit cards
A. defer payments. B. are a store of value. . C. have led to a wider use of currency. D. All of these responses are correct.