"The current account records foreign investment in a nation minus investment abroad." Is the previous statement correct or incorrect?
What will be an ideal response?
The statement is incorrect. The current account equals exports minus imports plus net interest plus net transfers. The capital account records foreign investment in a nation minus investment abroad.
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Federal government expenditures in the United States comprise about _____ of total government expenditures
a. 90 percent b. 75 percent c. 60 percent d. 45 percent
Crowding out can best be defined as:
a. private investment increases growth rates and decreases deficits. b. restrictive monetary policy raises interest rates and decreases investment. c. government deficits increase interest rates and decrease investment. d. consumption spending increases interest rates and decreases investment.
What are some of the key economic factors that characterize countries with poor growth records?
Which of the following statements about a firm, which is a price taker is false?
(a) The firm will sell its product at the market price. (b) The demand for firm's product will increase, if price is increased above the market price. (c) The demand for firm's product will decrease, if price is increased above the market price. (d) None of the above.