Which of the following is not included in a nation's balance of payments?
a. International barter exchanges.
b. International credits (loans).
c. International shipping expenses.
d. All the above are includedin the balance of payments.
.D
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The ratio at which nations will exchange one product for another is known as the
A. terms of trade. B. exchange rate. C. discount rate. D. balance of trade.
Consumer surplus is reflected by the area under the demand curve but below the price
Indicate whether the statement is true or false
If the economy falls into a recession, automatic stabilizers will cause
A. tax receipts to rise and government spending to fall. B. tax receipts to fall and government spending to rise. C. both tax receipts and government spending to rise. D. both tax receipts and government spending to fall.
Which of the following would cause the dollar to depreciate?
A) an increase in the demand for dollars B) a decrease in the demand for imports from foreign countries C) a decrease in the supply of dollars D) a decrease in the demand for dollars