The part of the balance of payments that records (generally) minor transactions such migrant's transfers, copyrights, and trademarks is the
A) capital account.
B) current account.
C) financial account.
D) statistical discrepancy account.
A
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The Cost-Benefit Principle:
A. describes how people behave once they have enough education. B. provides little insight into how people actually chose between alternatives. C. provides an abstract model of how people should choose between alternatives. D. fully captures how people choose between alternatives.
Give an example of how an expansionary policy can fail given certain economic conditions.
What will be an ideal response?
A pure monopoly is not allocatively efficient because at the profit-maximizing level of output ________.
A. P > MR B. P > AVC C. P > ATC D. P > MC
Which of the following groups believes that government policy is undermined by people's incorporation of the anticipated consequences of the policy into their present decisions?
A. monetarist school B. Keynesian school C. supply-side school D. rational expectations school