Which of the following is NOT considered a payment in the balance of payments?
A) capital outflows
B) U.S. foreign aid to other countries
C) imports of goods
D) exports of services
D
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Nicholas is saving money collected from his paper route in order to purchase a new bicycle. His saving represents using money as
A) a medium of exchange. B) a store of value. C) an unit of account. D) none of the above
Most of the Fed's liabilities are in the form of: a. Federal Reserve notes. b. checkable deposits
c. U.S. Treasury deposits. d. loans to member banks. e. certificates of deposit.
If the government regulates the price that a natural monopolist can charge to be equal to the firm's marginal cost, the firm will
a. earn zero profits. b. earn positive profits, causing other firms to enter the industry. c. earn negative profits, causing the firm to exit the industry. d. minimize costs in order to lower the price that it charges.
Refer to the diagram that applies to a private closed economy. If gross investment is I g1 , the equilibrium GDP and the level of consumption will be:
A. H and HB respectively.
B. J and JI respectively.
C. J and JK respectively.
D. H and HF respectively.