The financial account is
A) the reserve assets created by the International Monetary Fund for countries to use in settling international payment obligations.
B) the price of one nation's currency in term of the currency of another country.
C) a category of the balance of payments transactions that measures flows of real and financial assets.
D) a category of the balance of payments transactions that measures the exchange of merchandise, the exchange of services, and unilateral transfers.
Answer: C
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The marginal product of labor is equal to the
A) total product divided by the total number of workers hired. B) increase in the total product that results from hiring one more worker with all other inputs remaining the same. C) slope of the marginal product of labor curve. D) None of the above answers are correct.
What are some of the issues associated with the consumer price index?
What will be an ideal response?
When the MPC = 0.80, the multiplier is
A) 5.00. B) 0.25. C) 4.00. D) 7.50.
The Latin phrase ceteris paribus means that when a relationship between two variables is being studied:
A. both are treated as unpredictable. B. neither of those two variables is allowed to change. C. all other variables are held fixed. D. we recognize that some factors are unknown.