Which of the following would be part of the nation's current account?
A) An old house purchased by an American in Italy
B) The purchase of a U.S. Treasury bond by a foreigner
C) The interest an American earns on a British bond
D) A factory built by the Japanese in the United States
C
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If there is a surplus of a good, the quantity demanded is ________ the quantity supplied, and the price will ________
A) less than; rise B) less than; fall C) greater than; rise D) greater than; fall E) equal to; fall
A dividend is:
A. a financial asset that represents partial ownership of a company. B. a payment made periodically to all shareholders of a company. C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. D. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate.
The Paris Agreement differs from the Kyoto Protocol in that many developing countries including China are participating in the Paris Agreement by pledging intended contributions to reducing greenhouse gas emissions.
Answer the following statement true (T) or false (F)
If a 1% change in price leads to a 0.5% change in quantity demanded, then elasticity of demand is
A. 0.5. B. 1.0. C. 1.5. D. 5.