A credit item on the U.S. balance of payments is an item that
a. makes U.S. dollars available to foreigners.
b. causes foreigners to use up their U.S. dollars.
c. is like an import.
d. requires the use of official researchers to offset deficits.
b. causes foreigners to use up their U.S. dollars.
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Always there wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of Qd = 200 - 100P, where P is the per-minute price in dollars and Q is the number of wireless minutes. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.50 per minute, how large of a fixed monthly fee can it charge and still persuade customers to buy their service?
A. $200 B. $150 C. $225 D. $112.50
Suppose the current one-year interest rate is 4%, and financial markets expect the one-year interest rate next year to be 8%. Given this information, the yield to maturity on a two-year bond will be approximately
A) 4%. B) 6%. C) 8%. D) 12%. E) none of the above
Suppose that a per-unit subsidy is granted to each individual who consumes a product providing external benefits to society at large. Each individuals demand curve will shift ________, and the market demand curve for the product will shift ________.
A. to the right; to the left B. to the right; to the right C. to the left; to the left D. to the left; to the right
If the Fed wants to reduce the inflation rate, it should lower the discount rate.
a. true b. false