An official settlements account balance of -$5,000 means
A) official reserves of foreign currency increased by $5,000.
B) official reserves of foreign currency decreased by $5,000.
C) the country is exporting more than it is importing.
D) the country is importing more than it is exporting.
A
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Under which of the following is consumer surplus zero?
A) all types of monopoly B) only single-price monopoly C) only perfectly price-discriminating monopoly D) only price discrimination on the basis of the number of units purchased E) perfect competition
Which of the following is true? a. U.S. imports are considered a credit item in the balance of payment, because the dollars sold to buy the necessary foreign currency add to foreign claims against U.S. buyers. b. When the U.S. runs a trade deficit in goods and services with the rest of the world, the rest of the world must be running a trade surplus in goods and services with the U.S. c. When
the U.S. runs a trade deficit in goods, it must run a trade surplus in services. d. None of the above is true.
The impact of instituting investment tax credits is
A) to stimulate private sector investments and increase aggregate demand. B) to stimulate private production and increase aggregate supply. C) to encourage individuals to save in an effort to increase funds available for investment. D) to curtail in excessive lending by financial institutions.
A decision made by a rational person
A. would always make the person wealthier. B. is intended to make the person better off. C. is intended to make the person worse off. D. is identical to a decision that would be made by any other person facing the same choices.