In the balance-of-payments accounts, the statistical discrepancy
A) equals the capital account balance minus the current account balance.
B) equals the current account balance minus the capital account balance.
C) probably reflects hidden capital flows.
D) must equal zero.
C
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Consider the same market for nonalcoholic beer as in the previous question. Cudweiser's response function is
a. QB = 2,000 ? .5QC b. QB = 1,500 ? .5QC c. QC = 2,000 ? .5QB d. QC = 1,500 ? .5QB
Most Americans receive their health care:
a. as a consequence of military service. b. from Medicare. c. from employer based insurance. d. by direct purchase.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.
That people tend to hold on to shares of stock well past the point where it makes sense to sell those shares can be explained in part by the:
A. Anchoring effect B. Endowment effect C. Status quo bias D. Confirmation bias