The term "final goods and services" refers to
A. goods and services which are unsold and therefore added to inventories.
B. goods and services whose value has been adjusted for changes in the price level.
C. good and services purchased by ultimate users, as opposed to resale or further processing.
D. the excess of American exports over American imports.
C. good and services purchased by ultimate users, as opposed to resale or further processing.
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Mike lives and works as a musician in the U.S. However, he sometimes plays in concerts in foreign countries. The money he earns from these concerts are treated as ________ in the U.S. current account
A) imports B) exports C) factor payments from foreigners D) transfer receipts
Which of the following is a factor that is relevant to country risk analysis?
A) political uncertainty B) external debt C) economic growth D) all of the above.
Research shows programs like unemployment insurance, disability or health insurance, and job training can be effective in fighting:
A. both transient and chronic poverty. B. transient poverty, but not chronic poverty. C. chronic poverty, but not transient poverty. D. neither transient nor chronic poverty.
Something that induces a person to act is called
a. a trade-off. b. a policy. c. an incentive. d. an opportunity cost.