When a foreign resident increases her holdings of a U.S. financial asset, the
A. financial account of the U.S. balance of payments will be debited.
B. financial account of the U.S. balance of payments will be credited.
C. current account of the U.S. balance of payments will be credited.
D. current account of the U.S. balance of payments will be debited.
Answer: B
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Why might well-educated economists disagree on appropriate public policy in some situations?
What will be an ideal response?
A federal budget ________ occurs when the government spends less than it collects in taxes
A) floor B) surplus C) equilibrium D) deficit
To say that demand is inelastic means that
A) people do not like the good very much. B) quantity demanded not very responsive to price changes. C) relatively small changes in price lead to relatively large changes in quantity demanded. D) relatively small changes in quantity demanded lead to relatively small changes in price.
The dominant factor affecting medical care delivery and finance in the 1980s was
a. the Hill-Burton Act. b. prospective payment for hospitals. c. creation of Medicare and Medicaid. d. the explosive growth of managed care. e. ERISA.