Country A's overall balance in the balance of payments:
a. Must equal zero.
b. Is positive when a nation's central bank is buying domestic currency in the foreign exchange market and negative when it is selling the domestic currency in the foreign exchange market
c. Is negative when a nation's central bank is buying domestic currency in the foreign exchange market and positive when it is selling the domestic currency in the foreign exchange market
d. Is negative only when the current account is positive.
e. Has little or no link to a nation's monetary base.
.C
You might also like to view...
When product prices increase slower than nominal wages increase, the real value of wages decreases
Indicate whether the statement is true or false
Specialization often leads to gains in productivity for society as a whole
a. True b. False
Which of the following is the best example of a durable good?
a. the box of Dunkin' Donuts doughnut holes that you ate for lunch yesterday b. a bottle of Calvin Klein Obsession (cologne) c. your Ford Explorer d. a box of pecan nuts e. the services you bought when you had your ears pierced last week
A monopolist's profit-maximizing level of output occurs where:
a. marginal revenue equals marginal cost. b. price equals marginal cost. c. average total cost is at a minimum. d. price equals average revenue.