When the U.S. government buys aircraft from BAe, a British corporation, it pays for them using
A) euros.
B) pounds.
C) dollars.
D) foreign exchange rates.
B
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Following adjustments to a new equilibrium in a market, the equilibrium quantity remains unchanged, but the market clearing price is now lower. Which of the following could definitely have caused this outcome?
A) Demand and supply both increased. B) Demand and supply both decreased. C) Demand increased, and supply decreased. D) Demand decreased, and supply increased.
The set of skills, knowledge, and personal attributes possessed by a superior performer are known as
a. clusters b. mindsets c. competencies d. components
If a nation has flexible exchange rates and its current and capital accounts equal zero, then the:
a. Financial account must be positive b. Financial account can be positive or negative depending on the size of the budget deficit and exchange rate. c. Reserves account can be positive or negative depending on the size of the budget deficit and exchange rate. d. Financial account minus the reserves account must equal zero.
As aggregate demand shifts left along the short-run aggregate supply curve,
a. inflation and unemployment are higher. b. inflation is higher and unemployment is lower. c. unemployment is higher and inflation is lower. d. unemployment and inflation are lower.