The sum of the current account, the capital account, and the official reserve transaction account is
A) always positive.
B) always negative.
C) positive when exports are greater than imports.
D) zero.
D
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An increase in the incomes of baseball fans in New York leads to a rightward movement along the demand curve but does not shift the demand curve for Yankees tickets
Indicate whether the statement is true or false
Suppose a U.S. computer company outsources its technical-support services to India. This will cause
A) the demand for labor in the United States to fall, lowering U.S. wage rates, and the demand for labor in India to increase, increasing Indian wage rates. B) the demand for labor in the United States to increase, lowering U.S. wage rates, and the demand for labor in India to fall, increasing Indian wage rates. C) the demand for labor in the United States to fall, lowering U.S. wage rates, and the demand for labor in India to fall, decreasing Indian wage rates. D) the demand for labor in the United States to increase, increasing U.S. wage rates, and the demand for labor in India to fall, decreasing Indian wage rates.
The price of a pollution right is
a. determined by consumers b. determined by government c. a user charge d. determined by supply and demand e. a subsidy
Which of the following best describes the crowding-out effect?
What will be an ideal response?