Included in the U.S. current account are net transfer payments.
Answer the following statement true (T) or false (F)
True
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Investment banks are vulnerable because
A) the maturity of their liabilities is less than the maturity of their assets. B) the maturity of their assets is less than the maturity of their liabilities. C) they tend to be underleveraged. D) they tend to primarily hold short-term assets.
What are economies of scope?
a. lower average costs when multiple different products are produced b. higher average costs when multiple different products are produced c. Constant average costs when multiple different products are produced d. none of the above
An advantage of automatic stabilizers is that this type of fiscal policy is not subject to:
a. imprecise knowledge of full-employment real GDP. b. special interest groups. c. lag time problems. d. All of these are true.
Public goods are those that are consumed: a. only by those who have paid for them
b. only by the government that provides them. c. by the private group that funds them. d. by the paying and nonpaying public alike.