When a U.S. company makes a $200,000 donation to the International Red Cross to help the victims of an earthquake in India, the transaction is recorded in the
A) current account.
B) one-way donations account.
C) international help account.
D) capital and financial account.
E) official settlements account.
A
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Suppose Jill's consumption bundle is made up of 2 goods, apples and bottles of juice. If the price of an apple increases, then Jill's budget line would
A) not change. B) shift towards the origin on the apples axis only. C) shift towards the origin on both the apples and bottles of juice axes. D) shift away from the origin on the bottles of juice axis only.
Firms that help corporations and governments raise money by selling stocks and bonds are known as:
A. investment banks B. thrifts C. mutual fund companies D. insurance companies
A theory or a model
A. is a detailed analysis of what ought to be. B. captures all aspects of the real world. C. is a simplified, abstract view of reality. D. is based on each economist's value judgments.
Price increases will ________ a household's choice set.
A. not change B. decrease C. increase D. sometimes increase and other times decrease