The current account balance is equal to
A) exports - imports - net interest + net transfers.
B) exports - imports + net interest + net transfers.
C) imports - exports + net interest - net transfers.
D) exports - imports - net interest - net transfers.
E) imports - exports + net interest + net transfers.
B
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________ motivates charitable giving because of selfish reasons, such as the appearance of generosity
A) Pure altruism B) Impure altruism C) Consumerism D) Rationalism
A perfectly competitive firm can sell as large a quantity as it wishes, so long as it accepts the prevailing market price
a. True b. False Indicate whether the statement is true or false
The benefits to trading nations based on comparative advantage accrue from:
A) Specialization only B) Specialization and trading C) Trading only D) Protection of domestic industries
Because reducing both unemployment and inflation simultaneously are conflicting goals:
A. aggregate demand policy will allow policymakers to achieve both objectives, but only if it is contractionary. B. aggregate demand policy will allow policymakers to achieve one of these objectives, but not both. C. there is a policy that will allow policymakers to achieve either objective. D. aggregate demand policy will allow policymakers to achieve both objectives, but only if it is expansionary.