In the U.S. balance of payments, U.S. purchases of assets abroad are a(n):
A. U.S. dollar outflow.
B. U.S. dollar inflow.
C. current account item.
D. inpayment.
A. U.S. dollar outflow.
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The net present value of $1,000 received at a time in the future would
a. decline if the $1,000 were received sooner. b. increase if the delivery date for the $1,000 were set farther into the future. c. increase if the interest rate rose. d. increase if the interest rate fell.
Last year a country had 800 workers who worked an average of 8 hours and produced 12,800 units. This year the same country had 1000 workers who worked an average of 8 hours and produced 14,000 units. This country's productivity was
a. higher this year than last year. A possible source of this change in productivity is a change in the size of the capital stock. b. higher this year than last year. A change in the size of the capital stock does not affect productivity. c. lower this year than last year. A possible source of this change in productivity is a change in the size of the capital stock. d. lower this year than last year. A change in the size of the capital stock does not affect productivity.
An indifference curve provides the set of consumption alternatives that
A) yield the same total amount of satisfaction. B) maximize the utility of the consumer. C) can be purchased for the same amount of money. D) yield the same marginal utility for the last unit consumed of each good.
Monetarists and new classical economists favor an active role of government in promoting low inflation and economic growth
a. True b. False Indicate whether the statement is true or false