The data in the table above are the U.S. balance of payments. The current account balance is
A) $140 billion.
B) $155 billion.
C) $170 billion.
D) -$45 billion.
A
You might also like to view...
Refer to Table 11.1. What is the value of the tax multiplier?
A) -0.67 B) -1.875 C) 2.33 D) 3
Paul is looking for a used washing machine. He has posted his requirement in an exchange Web site and has also mentioned the maximum amount that he is willing to pay for it
If his willingness to pay is lower than the price of good-quality used washing machines, what is likely to happen?
What is a tariff?
What will be an ideal response?
When positive externalities are present, it means that:
A. individuals don't take into account all the benefits associated with their market choice. B. society bears part of the cost borne of private transactions. C. individuals consume more than the social optimum. D. All of these statements are true.