If the U.S. current account balance is negative,
A) its financial account is likely to be positive.
B) its financial account is likely to be negative
C) it must use official settlements to balance its payments.
D) its balance of payments cannot be zero
A
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To be efficient, outputs should be produced that minimize total cost.
Answer the following statement true (T) or false (F)
A positive externality exists when
A. a person's or group's actions cause a benefit that is felt by others. B. a person's or group's actions cause a cost that is felt by others. C. market output is less than socially optimal output. D. a and c E. b and c
The authors of the text suggest that a comprehensive personal income tax with few loopholes would be efficient and equitable. What is their reasoning for this statement?
What will be an ideal response?
An increase in the real interest rate would cause an increase in the real demand for money
A. no matter what the change in expected inflation. B. if expected inflation fell by less than the rise in the real interest rate. C. if expected inflation fell by more than the rise in the real interest rate. D. if expected inflation fell by the same amount as the rise in the real interest rate.