Which of the following would be a credit in the U.S. balance of payments?
a. the purchase of a German car by an American
b. the purchase of insurance from Lloyds of London by a U.S. resident
c. a trip to Japan by an American student
d. a short-term loan extended to a South American country by the United States government
d
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What is the economic problem?
What will be an ideal response?
Which of the following is an example of a company whose stock showed evidence of a price bubble?
a. Facebook b. Google c. Amazon d. all of the above
In response to changing inventories in Figure 9.8, if the economy produces at full employment of $400 billion, firms will attempt to
A. Raise production rates and lay off workers. B. Raise production rates and hire more workers. C. Lower production rates and lay off workers. D. Lower production rates and hire more workers.
A deadweight loss occurs in a
A) monopoly. B) perfectly competitive market. C) market in which the market clearing price of a good equals the marginal cost of producing it. D) market in which the market clearing price of a good is below the marginal cost of producing it.