In 2014, foreign purchases of U.S. assets as a percentage of GDP was approximately
A. 5%.
B. -4%.
C. 14%.
D. 0%.
Answer: A
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Aimee sells hand-embroidered dog apparel over the Internet. Her annual revenue is $128,000 per year, the explicit costs of her business are $42,000, and the opportunity costs of her business are $30,000. What is her accounting profit?
A) $12,000 B) $56,000 C) $86,000 D) $98,000
Which of the following are TRUE for discount bonds?
A) A discount bond is bought at par. B) The purchaser receives the face value of the bond at the maturity date. C) U.S. Treasury bonds and notes are examples of discount bonds. D) The purchaser receives the par value at maturity plus any capital gains.
When the government sells its debt to citizens rather than other government agencies it is creating external debt
Indicate whether the statement is true or false
The civil court system often relies upon
A. a judge and jury to resolve financial disputes among injured parties. B. attorneys who volunteer to defend the indigent accused of crimes. C. police enforcement of criminal statutes. D. a sentence of jail time as punishment.