Approximately how many commercial banks are there in the United States as of 2017?
A. 7,300
B. 6,000
C. 8,500
D. 14,500
Answer: B
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All of the following are deficit items in the balance of payments accounts EXCEPT
A) U.S. residents purchases of gold from foreign residents. B) U.S. tourists spending funds in Europe. C) exports of merchandise. D) U.S. purchases of foreign companies' stocks and bonds.
If minimum average cost is the same over a large range of output,
a. the market will evolve into a natural monopoly b. minimum efficient scale is large as well c. only a few large firms will survive in the long run d. smaller firms have a cost advantage over larger firms e. firms of varying sizes can coexist
How do people in a market economy obtain income that is used to buy goods and services?
a. Supplying labor and other resources to firms b. Trading goods and services in a barter system c. Selling goods and services to each other d. None of the above e. b and c
Which statement is false?
A. Foreigners own a much greater percentage of the assets in the U.S. then they did in the early 1980s. B. Americans have assets of over $1 trillion in foreign countries. C. The dollar value of assets held by Americans in foreign countries has been declining since 1985. D. None of these statements are false.