When federal regulations protect birds, such as the spotted owl, lumber prices rise because
A) there is less supply of available timber.
B) there is less demand for available timber.
C) there is more supply of available timber.
D) there is more demand for available timber.
A
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A measure of the change in the stock of real and financial assets held by a country's residents in a foreign country and by foreigners in the given country is called the:
A) current account. B) financial account. C) national income product account. D) none of the above.
The declining trend in the currency-deposit ratio during 2007-2014 can be explained by
A) the increased holdings of U.S. currency by foreigners. B) bank panics. C) a drop in the rate of interest paid on checking deposits. D) the increasing use of debit cards.
Which of the following is not an example of a flow variable?
a. The amount of income that a person earns each month b. The amount of interest that a savings account earns each week c. The amount of money in a savings account d. The amount of taxes that a person pays each year e. All of these are flow variables
Perfectly competitive markets tend to have a ______ number of sellers and a(n) ______ entry.
a. large; easy b. large; difficult c. small; easy d. small; difficult