The current account in a balance of payments records
a. all money flows among countries
b. exports and imports of goods and services
c. only the international transactions involving capital goods
d. only the international transactions involving consumer goods
e. only exports and imports purchased on credit
B
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The above figure shows a perfectly competitive firm. If the market price is $5 per unit, the firm
A) will definitely shut down to minimize its losses. B) will stay open to produce and will make zero economic profit. C) will stay open to produce and will incur an economic loss. D) will stay open to produce and will make an economic profit. E) might shut down but more information is needed about the fixed cost.
Karl Marx predicted that the exploitation of workers would cause capitalism to self-destruct
a. True b. False Indicate whether the statement is true or false
Who is the second most powerful person in the U.S.?
a. The Fed chairman b. The Vice President c. The Secretary of State d. The speaker of the House of Representatives e. The Attorney General
In addition to insuring accounts, the FDIC today has the additional power of
A. setting reserve requirements. B. establishing higher capital requirements for banks. C. establishing the discount rate. D. establishing FOMC goals.