What are the two main sources of financial capital in the United States?
a. financial inflows from foreign investors and businesses in the United States
b. financial outflows to foreign investors and private savings of individuals and firms
c. private savings of individuals and firms and financial inflows from foreign investors
d. financial inflows from foreign investors and government savings
c. private savings of individuals and firms and financial inflows from foreign investors
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The account which records a nation's foreign economic transactions is called the:
a. Trade Account. b. T account. c. Exchange Market. d. Balance of Payments.
In competitive markets, the elasticity of labor supply is:
a. unrelated to time. b. inversely proportional to time elapsed since a wage change. c. unity. d. directly proportional to time elapsed since a wage change.
A car purchased by you is rival because:
a. you can prevent others from using your car. b. it has many competitors. c. your use of this car makes it unavailable for others. d. it is nonexcludable.
High and unexpected inflation has a greater cost
a. for those who borrow than for those who save. b. for those who hold a little money than for those who hold a lot of money. c. for those whose wages increase by as much as inflation than for those who are paid a fixed nominal wage. d. for savers in high income tax brackets than for savers in low income tax brackets.