The U.S. current account records
A) transactions involving foreign investment in the United States and U.S. investment abroad.
B) transactions involving trade, interest payments, and net transfers.
C) U.S. exports but not U.S. imports, which are recorded in the capital account.
D) the current value of the balance of payments in U.S. dollars.
E) all the international transactions during the current year.
B
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A chain saw manufacturer can make its chain saws safer by adding a titanium chain guard to its products. Adding the titanium chain guard costs $35 per chain saw
The manufacturer estimates that this will prevent 10 injuries for every 5,000 chain saws sold and that, on average, each injury causes $15,000 of harm. The injury cost per chain saw is A) $3.00. B) $30.00. C) $37.50. D) $40.00.
Net exports are:
A) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation. B) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation. C) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation. D) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation.
Planned expenditures ________
A) are directly affected by government purchases B) increase when there is a reduction in taxes C) decrease when disposable income decreases D) all of the above E) none of the above
________ typically lead to increases in ________
A) decreases in interest rates; investment B) increases in disposable income; consumption C) increases in autonomous investment; investment D) all of the above E) none of the above