The big current-account deficits in the late 1880s and early 1890s were financed primarily by
(a) Borrowing from other nations, especially England
(b) Interests earned on bonds and dividends paid on other investments
(c) Taxes
(d) Sale of public land
(a)
You might also like to view...
A current account deficit can occur if ________, all else equal
A) net national savings equals zero B) net factor income from abroad equals zero C) net exports are negative D) net investment income is negative
When does the burden of a tax imposed on a good fall more heavily on consumers?
What will be an ideal response?
Which of the following is true about games in which people have different information?
A. Participants in these games can sometimes learn important information from the behavior of others. B. Participants in these games never act in a way contrary to his immediate interests. C. Participants in these games always act in a way contrary to his immediate interests. D. These games always have a Nash equilibrium.
Jessica owns a company that makes pre-packaged sandwiches for convenience stores. The market price for a sandwich is $5 and Jessica is a price-taker. Her daily variable cost for making sandwiches is C(Q) = 2.5Q + (Q2/40) and her marginal cost is MC = 2.5 + (Q/20). What is the average cost of a sandwich at the quantity of sandwiches Jessica should be selling each day?
A. $1.25 B. $2.50 C. $3.75 D. $6.25