The statistical discrepancy
a. is always positive
b. is always negative
c. must be reduced to zero and eliminated from the balance of payments before the records become official
d. is a residual factor that indicates the net error in the balance of payments data
e. is a record of all transactions between residents of two countries over a specified period
D
You might also like to view...
If a country has a bowed out (concave to the origin) production possibility frontier, then production is said to be subject to
A) constant opportunity costs. B) decreasing opportunity costs. C) first increasing and then decreasing opportunity costs. D) increasing opportunity costs.
Entrepreneurs create destruction
Indicate whether the statement is true or false
Suppose Dave always uses two lemon wedges with his glass of iced tea. Dave's indifference curves for lemon wedges and iced tea are
a. bowed inward. b. bowed outward. c. straight lines. d. L shaped.
Suppose there were a large decline in net exports. If the Fed wanted to stabilize output, it could
a. buy bonds to raise interest rates. b. buy bonds to lower interest rates. c. sell bonds to raise interest rates. d. sell bonds to lower interest rates.