The official settlements balance or balance of payments is the sum of
A) the current account balance, the capital account balance, the non reserve portion of the financial account balance, the statistical discrepancy.
B) the current account balance and the capital account balance.
C) the current account balance, the capital account balance, the non reserve portion of the financial account balance.
D) the current account balance and the non reserve portion of the financial account balance.
E) the current account balance and the interest in all investments.
A
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If the federal government placed a 50 cent per pack excise tax on cigarette manufacturers, and if as a result, the price to consumers of a pack of cigarettes went up by 40 cents, the
a. actual burden of this tax falls mostly on consumers. b. actual burden of this tax falls mostly on manufacturers. c. actual burden of the tax would be shared equally by producers and consumers. d. tax would clearly be a progressive tax.
During an election, a candidate who is not doing as well in the polls as his or her opponent will
A) modify his or her position so that it is more like that of his or her opponent. B) modify his or her position so that it is less like that of his or her opponent. C) become more specific in discussing the issues. D) label his or her opponent as a middle-of-the-roader.
It is spring, and several graduates of State U are seeking employment. State U graduates have evenly distributed GPAs, from 2.0 to 4.0, with an average GPA of 3.0. The largest employer in town, Acme Dynamite, is interviewing candidates, hoping to hire a few hard workers. While Acme does not require students to submit a transcript with their applications, the hiring officer believes that high GPAs signal a willingness to work hard. Acme has received applications from 10 graduates of State U. Five included transcripts, all of which indicated GPAs of 3.0 or better. Acme will most likely infer that the five graduates who did not include transcripts:
A. did not carefully read the application instructions. B. had GPAs of less than 3.0. C. had GPAs evenly distributed between 2.0 and 4.0. D. had GPAs of more than 3.0.
Firms in a monopolistically competitive market will
A. Produce efficiently. B. Make economic profits in the long run. C. Produce at the minimum of ATC. D. Use the profit-maximizing rule MC = MR.