Which one of the following is a credit in the U.S. current account?
a. the purchase of a U.S. car by a German
b. the purchase of insurance from Lloyd's of London by an American
c. a trip to Mexico by an American student
d. the purchase of Japanese bonds by an American investor
A
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The Social Security system is a pure income transfer program, financed on a pay-as-you-go basis
Indicate whether the statement is true or false
Which statement is true?
A. A majority of union members in the United States are members of public employees unions. B. A majority of workers in the United States are members of labor unions. C. Labor union membership is especially high in most Southern states. D. None of the statements are true.
In the game depicted below, firms 1 and 2 must independently decide whether to charge high or low prices.Firm 1Firm 2??High PriceLow Price?High Price(10,10)(5,-5)?Low Price(-5,5)(0,0)Which of the following are secure strategies for players 1 and 2, respectively?
A. (high price, high price) B. (low price, high price) C. (low price, low price) D. (high price, low price)
Discretionary fiscal policy
A. is the use of the money supply to maintain stable prices. B. is the purchase and sale of Treasury securities to influence economic growth and inflation. C. is the use of regulation to influence economic growth and inflation. D. is the use of government spending and tax policies to influence economic growth and inflation.