Figure 4.4 illustrates the supply of tacos. A technological advancement which makes tacos cheaper to produce would most likely cause a movement from:

A. point a to point c.
B. point c to point a.
C. S2 to S0.
D. S0 to S2.

Answer: D

Economics

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The current account balance consists of

A) the trade balance plus the services balance. B) net exports of goods and services, minus net unilateral transfers. C) net exports of goods and services, plus net income from abroad, plus net unilateral transfers. D) net exports of goods and services, plus net income from abroad, plus net unilateral transfers, minus the financial account balance.

Economics

When a corporation wishes to sell new securities, it usually employs

A) a takeover specialist. B) a finance company. C) an investment bank. D) a commercial bank.

Economics