The official settlements account records the
A) income used to settle international lawsuits.
B) revenue collected from taxing exports.
C) change in official U.S. reserves.
D) revenue collected from taxing imports.
E) change in the official U.S. exchange rate.
C
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Which of the following would lead to a rise in demand for recordable DVDs by students?
a. An increase in the number of DVD manufacturers. b. A decrease in the price of DVD recording devices. c. A decrease in the price of the DVD making machinery. d. A cut in the number of student workers hired by the university, lowering student incomes.
What does a horizontal demand curve indicate about the price elasticity of demand?
What will be an ideal response?
The marginal private cost of a chemical is $100 per ton and its marginal external cost is $20 per ton. What is the marginal social cost of the chemical?
What will be an ideal response?
From the four asset bubbles discussed in this chapter, the one that has the smallest impact on the economy is
A) the 1927-29 U.S. stock market bubble. B) the 1987-89 Japanese stock market bubble. C) the 1996-2000 U.S. stock market bubble. D) the 2001-2006 U.S. housing bubble.