Germany has an absolute advantage in the production of which product?
cameras
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Suppose the interest rate which banks in Techland charge each other for overnight loans is 5%, the long-run nominal interest rate is 4.5%, and the long-run expected inflation rate is 3%
i) What is the long-run expected real interest rate? ii) How will the long-run expected real interest rate be affected if the central bank of Techland starts purchasing government bonds from banks?
The current account deficits incurred by the United States in the 1980s were caused, in the opinion of many economists, by
A) federal budget deficits. B) a sharp decline in private saving. C) "flight to quality" as foreign investors favored U.S. investments. D) Both B and C are correct.
The net value of flows of goods, services, income, and unilateral transfers is described as the
A. current account balance. B. financial account balance. C. trade balance. D. official reserve balance.
A legal entity that may conduct business in its own name just as an individual does is a(n)
A) corporation. B) entrepreneur. C) proprietorship. D) partnership.