Financial account transactions occur
A) when an U.S. company purchases goods from a foreign company.
B) because of cross-border flows of financial assets.
C) when you move money from one U.S. bank to another U.S. bank.
D) when an U.S. citizen purchases stock in an U.S. corporation.
Answer: B
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Suppose that the local utility regulators have recently approved an increase in the price of electricity from 10¢ per kilowatt-hour to 10.5¢ per kilowatt-hour. The long-run price elasticity of demand for electricity is estimated to be -1.2.
(i) By how much will the quantity demanded of electricity drop in the long run because of this price increase? (ii) When the price of electricity increases, will consumers' total expenditures on electricity rise or fall in the long run? (Hint-Consider which is larger, the percentage increase in price or the percentage decrease in quantity demanded.) (iii) The cross elasticity of demand for electricity with respect to natural gas is 0.2. By how much would the price of natural gas have to change to totally offset the effect that the price increase in electricity has on the quantity of electricity consumed? In other words, by how much would the price of natural gas have to change to cancel out the fall in the quantity demanded that you calculated in part i?
Robert Lucas argues that there are ________ returns to human capital, and these productivity increases are not completely captured by individuals as they decide how much education to purchase
As a result, the market produces ________ education and training. A) increasing; too little B) increasing; too much C) decreasing; too little D) decreasing; too much
The "no shirking constraint" (NSC) curve never crosses the supply of labor curve, so
A) the market never reaches equilibrium. B) there is always full employment in equilibrium. C) there is always some unemployment in equilibrium. D) the efficiency wage is always lower than the market-clearing wage. E) the gap between the NSC curve and the supply of labor curve equals the difference between the efficiency wage and the market-clearing wage.
All of the following can cause conflict between divisions EXCEPT
a. Coordination between divisions does not benefit all divisions equally b. managers of cost centers care too little about enhancing revenues c. managers are rewarded only for actions that profit their own division generates, regardless of the effects on other divisions d. corporate executives cannot tell when one divisional manager's decisions are appropriate or not