The balance on Merchandise Trade is found by looking at the
A) current accounts
B) capital accounts
C) financial accounts
D) Official Settlements Balance
A
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The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If there are no external benefits or external costs, the efficient number of DVDs to produce is ________ a week
A) 1 B) 3 C) 5 D) any number less than 3
Since 1950, there has been a substantial increase in wheat production. The increase in production has led to a decrease in the price of wheat because of which of the following factors?
A) The absolute value of the price elasticity of demand for wheat is less than 1 and the income elasticity of demand for wheat is greater than 1. B) The absolute value of the price elasticity of demand for wheat is greater than 1 and wheat is a close substitute for other food products. C) The income elasticity of demand for wheat is high and wheat is an inferior good. D) The absolute value of the price elasticity of demand for wheat is less than 1 and the income elasticity of demand for wheat is low.
In economics, the term "leisure" describes: a. the time spent searching for productive employment. b. any time spent not working for pay
c. any time spent working for extra pay. d. the time spent after permanent retirement from work.
Which of the following exchange rate policies uses a target exchange rate, but allows the target to change?
A) crawling peg B) flexible exchange rate C) fixed exchange rate D) moving target