Which of the following is not included in a nation's balance of payments?
a. Imports and exports of services.
b. International interest and dividend earnings.
c. International real estate transactions.
d. Changes in a nation's money supply due to a new required reserve ratio.
e. All of the above are included in the balance of payments.
.D
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Scope of Services An apartment owner has contracted for lawn mowing services for a number of apartment complexes he owns. He negotiated a price per month but the scope of services to be performed remained a bit vague. Why is he disappointed that the winning contractor provides less than the desired level of services?
A franchisee works than a salaried manager of company store because
a. Less, he doesn't get to keep the additional profits he generates b. Harder, he gets to keep the additional profits he generates c. Lesser, he is generally lazy d. Harder, he doesn't get to keep the additional profits he generates
Hyperinflation is generally defined as inflation that exceeds 50 percent per month
a. True b. False Indicate whether the statement is true or false
Consumer surplus, the net benefit that consumers get from market exchange, can be used to:
a. measure purchasing power of consumers. b. measure market supply. c. measure economic welfare. d. measure economic growth.