With which of the following countries does the United States have its largest goods and services deficit?
A. Canada.
B. Germany.
C. Japan.
D. China.
D. China.
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A discouraged worker is someone who
A) is not in the labor force. B) is employed. C) has been fired. D) is unemployed.
If the United States has a current account deficit and the capital account is zero, which of the following must be true?
A) The balance on the financial account must equal the balance on the current account. B) Domestic public saving must be less than net foreign investment. C) Net foreign investment must be negative as well. D) Domestic private saving must be less than net foreign investment.
Explain the difference between the marginal rate of substitution and the marginal rate of transformation
What will be an ideal response?
Banks are required to keep a minimum level of reserves on hand. The intent of this regulation is
A. monetary control rather than bank safety. B. bank safety in case of bank runs. C. maintenance of bank profits. D. limiting the level of bank profits.