The data in the table above are the U.S. balance of payments. The data show that
A) the United States has a current account surplus.
B) the United States has a capital and financial account surplus.
C) The United States loaned $400 billion to the rest of the world.
D) Both answers A and B are correct.
A
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Agraria uses bushels of wheat to quote prices. In this case, bushels of wheat act as a
A. medium of exchange. B. store of value. C. commodity value. D. unit of account.
When a group is discriminated against, its
A) wages fall but its employment does not. B) employment and its wages decrease. C) employment decreases but its wages do not. D) employment and its wages are unaffected.
As DVDs become popular substitutes for video cassettes, demand for video cassettes is likely to
a. become less price elastic b. become more price elastic c. increase d. stay the same e. become unit elastic
If the MPS rises, then the MPC will:
What will be an ideal response?