Financial account transactions occur
A. when an U.S. citizen purchases stock in an U.S. corporation.
B. because of cross-border flows of financial assets.
C. when you move money from one U.S. bank to another U.S. bank.
D. when an U.S. company purchases goods from a foreign company.
Answer: B
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The industrial revolution began around the year _____.
A. 1650 B. 1750 C. 1850 D. 1950
The message of the ultimatum game is that:
A. people pursue self-interest and the good of the group suffers. B. people like to make threats. C. sometimes concerns of fairness top rational selfishness. D. people pursue self-interest and the good of the group is served.
Imagine a hypothetical world in which, over the last fifty years, both real GDP and prices have trended downward in most countries. Continuing falls in the level of real GDP and the price level can be explained by
a) neither technological ability nor changes in the money supply can explain continuing falls in the level of real GDP contraction and the price level. b) continuing losses in technological ability alone. c) continuing losses in technological ability and continuing decreases in the money supply. d) continuing decreases in the money supply along.
Expansionary fiscal policy can be used to reduce cyclical unemployment by
A. increasing aggregate demand so as to raise real Gross Domestic Product (GDP). B. increasing long-run aggregate supply so as to raise real Gross Domestic Product (GDP). C. eliminating inefficiencies from labor markets. D. raising nominal wages so as to encourage workers to work more hours.