If the current account balance is -$100 billion, the capital and financial account balance is $80 billion, then the official settlements account balance is
A) $20 billion.
B) $180 billion.
C) -$20 billion.
D) -$180 billion.
E) 0.
A
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________ is the excess of imports over exports
A) Budget surplus B) Trade surplus C) Trade deficit D) Budget deficit
Refer to Table 18-8. The tax system is
A) regressive throughout all levels of income. B) progressive throughout all levels of income. C) progressive between $10,000 and $12,000 of income and regressive between $12,000 and $22,000. D) proportional throughout all levels of income.
Assume that business investment spending rises, and the increase is funded by greater borrowing in the capital markets. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the net nonreserve international borrowing/lending balance and monetary base in the context of the Three-Sector-Model? a. The net nonreserve international
borrowing/lending balance becomes more positive (or less negative) and monetary base rises. b. The net nonreserve international borrowing/lending balance becomes more negative (or less positive) and monetary base falls. c. The net nonreserve international borrowing/lending balance becomes more negative (or less positive) and monetary base falls. d. The net nonreserve international borrowing/lending balance and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
If a local diner can sell 50 burgers per day at a price of $5 each, but must reduce the menu price to $4.95 to sell one more burger, what is the marginal revenue of the 51st burger?
A. $252.45. B. $2.45. C. -$0.05. D. $4.95.