The settling of any net deficit in the combined current, and capital and financial accounts is done with:
A. Capital reserves
B. Official reserves
C. Net transfers
D. Net investment income
B. Official reserves
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Jan is attending college and studying to be an investment broker. To improve her chances of employment following college, she has interned at a top brokerage firm during the last two summers. Jan's internship has increased her
A) natural labor. B) human capital. C) consumption services. D) natural resources. E) entrepreneurship capital.
Which of the following activities exposes others to risk?
A) driving B) smoking C) playing golf D) all of the above
Exhibit 16-1 Money market demand and supply curves
Beginning from an equilibrium at E1 in Exhibit 16-1, a decrease in the money supply from $150 billion to $100 billion causes people to:
A. sell bonds and drive the price of bonds down. B. sell bonds and drive the price of bonds up. C. buy bonds and drive the price of bonds down. D. buy bonds and drive the price of bonds up.
Refer to Exhibit 2-8. For Maria, the opportunity cost of producing one unit of good X is ___________ unit(s) of good Y.