Which of the following is not included as "net income" in the U.S. balance of payments?
a. Profits earned by U.S. companies from foreign operations and reinvested abroad.
b. Profits earned by U.S. companies from foreign operations.
c. Foreign dividends received by U.S. residents.
d. U.S. interest paid to foreigners.
e. All the above are includedas "net income" in the U.S. balance of payments.
.E
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Use the following diagram for the market for money to answer the next question.
The vertical money supply curve Sm reflects the fact that
A. bond prices and interest rates are inversely related. B. the rate at which money is spent is zero. C. the stock of money is determined by the Federal Reserve System and does not change when the interest rate changes. D. lower interest rates result in lower opportunity costs of supplying money.
A good for which it is impossible or at least very costly to exclude nonpaying customers from receiving the good and for which many individuals can share in the consumption of the same unit of the good is called a
a. public good. b. joint good. c. excludable good. d. national good.
Globalization can increase wage inequality in the United States if international competition is primarily in industries requiring ________ workers.
A. few B. highly-skilled C. many D. low-skilled
If an economy is operating efficiently and with full employment, the production of more of one commodity will necessarily lead to less of something else being produced because of:
A) the unlimited wants of people. B) perfectly adaptability of resources in the production of various goods. C) scarcity. D) the lack of money capital.