The Balance of Payments is:
(a) The difference between household spending and income.
(b) The difference between government spending and income.
(c) A measure of the economic transactions between Irish residents and the rest of the world.
(d) The difference between inflation and unemployment.
Ans: (c) A measure of the economic transactions between Irish residents and the rest of the world.
You might also like to view...
A higher bond price indicates a lower cost of new external funds
Indicate whether the statement is true or false
Which of the following statements about comparative advantage is not true?
a. Comparative advantage is determined by which person or group of persons can produce a given quantity of a good using the fewest resources. b. The principle of comparative advantage applies to countries as well as to individuals. c. Economists use the principle of comparative advantage to emphasize the potential benefits of free trade. d. A country may have a comparative advantage in producing a good, even though it lacks an absolute advantage in producing that good.
Which of the following changes would not shift the demand curve for a good or service?
a. a change in income b. a change in the price of the good or service c. a change in expectations about the future price of the good or service d. a change in the price of a related good or service
A share of common stock is a claim on a corporation's
A) debt. B) liabilities. C) expenses. D) earnings and assets.