If the interest rate is 10%, then $1 today is worth how much one year from now?
A) $1.10
B) $1.00
C) $0.91
D) $0.90
A
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The components of the U.S. current account balance are:
a. goods, services, expense receipts and payments, and unilateral transfer. b. goods, services, income receipts and payments, and unilateral transfer. c. goods, services, and unilateral transfer. d. income receipts and payments, and unilateral transfer.
Which of the following would reduce the transaction costs of exchange?
A. legislation that prohibits the activities of middlemen B. government licensing of sellers C. increasing tariffs and quotas D. improvements in technology that make it easier to identify potential sellers
When supply increases and the supply curve shifts to the right, equilibrium price ________ and equilibrium quantity ________.
A. increases; increases B. increases; decreases C. decreases; increases D. decreases; decreases
The Social Security Fund is designed as
A) a pay-as-you-go system. B) an investment portfolio that individual contributors can make periodic payments into. C) an account that allows periodic withdrawals by contributors. D) an individual account with a federal reserve bank.