The largest portion of any nation's current account is typically
A. gold sales.
B. imports and exports.
C. foreign currency reserves.
D. the sale of U.S. assets.
Answer: B
You might also like to view...
Automatic stabilizers have the effect of
a. Increasing aggregate demand when the nation is below full employment. b. Restraining the decline in demand but not stimulating any increase in aggregate demand that would move the nation back toward equilibrium. c. Causing government spending to rise and taxes to rise as a nation moves into a recession. d. Destabilizing a nation, once you consider the active deficits or surpluses they cause.
Which economic concept is defined as the measure of how responsive consumers are to price change?
a. consumer expectation b. consumer taste c. decreasing marginal utility d. elasticity of demand
Joshua consumes only apples and bread and is in consumer equilibrium. Joshua reads that eating bread is healthy, so his total utility from each loaf of bread increases. At his new consumer equilibrium Joshua would consume
A) more apples and less bread. B) fewer apples and more bread. C) some combination of apples and bread corresponding to a lower ratio of the marginal utility of bread to the marginal utility of apples. D) the same quantity of apples and the same quantity of bread.
Which of the following is not a component of aggregate expenditure?
A) government spending B) actual investment spending C) planned investment spending D) consumption spending