The balance of payments includes
a. only exports, imports, and service transactions.
b. the balance on current account, plus all capital transactions and all official transactions and the statistical discrepancy.
c. only the official transactions.
d. all goods and services produced in a nation’s economy during a given year.
b. the balance on current account, plus all capital transactions and all official transactions and the statistical discrepancy.
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Average growth rates of per capita income were close to zero, on average, prior to the Industrial Revolution.
Answer the following statement true (T) or false (F)
What is the relationship between debt, falling commodity prices and rainforest degradation?
What will be an ideal response?
You are a member of Congress in 2007-2009 when the economy is in a recessionary gap. If your goal is to achieve full employment, you should vote for
a. decreased government purchases, increased taxes, and a cut in transfer payments. b. a balanced federal budget. c. increased government purchases, decreased taxes, and an increase in transfer payments. d. increased government purchases and transfer payments, and an equal increase in taxes.
The U-shaped average-total-cost curve reflects the U-shaped average-fixed-cost curve
a. True b. False Indicate whether the statement is true or false