The difference between the exports and imports of goods in a country is referred to as the
A) balance of payments.
B) balance of trade.
C) balance of power.
D) exchange rate.
Answer: B
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Suppose that Paraguay can produce 12 wheat or 3 corn and Bolivia can produce 4 wheat or 2 corn. Suppose that opportunity costs are constant. Which of the following is a potentially agreeable trade arrangement for Paraguay and Bolivia?
A) Paraguay trades one corn to Bolivia for three units of wheat. B) Bolivia trades one corn to Paraguay for three units of wheat. C) Bolivia trades one corn to Paraguay for one wheat. D) Paraguay trades one wheat to Bolivia for two corn.
Conflicts of interest may arise within the credit rating agencies because
A) the investors pay the credit agencies for ratings. B) the issuers of debt securities pay the credit agencies for ratings. C) the credit rating agencies provide auditing services to issuers of debt securities. D) the credit rating agencies are involved in offering credit counseling to investors.
The end of racial preferences in college admissions has had no noticeable effect on minority enrollments
Indicate whether the statement is true or false
A demand curve for a public good is determined by:
A. summing vertically the individual demand curves for the public good. B. summing horizontally the individual demand curves for the public good. C. combining the amounts of the public good that the individual members of society demand at each price. D. multiplying the per-unit cost of the public good by the quantity made available.