Which one of the following will not directly affect the U.S. balance on current account?
A. An increase in U.S. goods imports.
B. A decrease in U.S. net investment income.
C. An increase in U.S. purchases of assets abroad.
D. An increase in U.S. imports of services.
C. An increase in U.S. purchases of assets abroad.
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Which of the following anti-inflation policies imposes costs on society?
A) price controls B) indexation C) reduced growth in nominal demand D) all of these
Holding other factors constant, building an on-line job database to help workers find jobs would likely
A) reduce cyclical unemployment and the natural rate of unemployment. B) reduce structural unemployment and the natural rate of unemployment. C) reduce frictional unemployment and the natural rate of unemployment. D) increase the natural rate of unemployment.
In the long run for a competitive firm,
A. the firm is making economic profits. B. the firm is at the bottom of its short run average cost curve. C. the marginal cost is greater price. D. the firm is at the top of its long run average cost curve.
Based on scientific nutritional studies, in most countries an income of $1 a day does not provide sufficient food, shelter, and clothing to live. Under these conditions the medical risk of death is high. This statement is:
A. a subjective statement. B. a normative statement. C. a positive statement. D. an art-of-economics statement.