According to the U.S. balance of payments accounts in 2012, U.S. international borrowing is used for
A) private saving and public consumption.
B) private and public investment.
C) private consumption.
D) private and public saving.
E) government expenditure.
B
You might also like to view...
The fixed-rate payer in a swap contract pays a
A) current capital market rate. B) capital market rate minus one percentage point. C) capital market rate plus one percentage point. D) capital market rate plus a premium based on creditworthiness.
The English system of market overt and fairs
(a) were initially transferred to American shores where goods and services could be bought and sold legally without an official witness (b) flourished in the late colonial economy because of their foundation of protective regulations. (c) replaced the rule of caveat emptor in colonial America because they covered fraud. (d) firmly planted themselves in colonial America and continue to guide market transactions today.
Explain why current consumption might change even if current income does not change
What will be an ideal response?
Which of the following statements about a price system is TRUE? I. Prices ration goods and services. II. Prices indicate relative scarcity
A) I only B) II only C) Both I and II D) Neither I nor II