A country's financial account includes which of the following?
a. net investment income
b. net transfers
c. exports
d. imports
e. sales of assets to other countries
Ans: e. sales of assets to other countries
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Cyclical unemployment occurs
A) with economic fluctuations; it increases during bad times and decreases during good times. B) because of a mismatch between the jobs that are available in the economy and the skills of workers seeking jobs. C) because the government labels some people who aren't really in the labor force as unemployed. D) naturally during the normal workings of an economy, as people change jobs, move across the country, etc.
Sandra has been working as a software engineer for five years and Jack has been working as a software engineer for two years. Which of the following statements is true of Sandra and Jack?
A) Sandra is likely to earn lower wages than Jack. B) Sandra is likely to earn the same wage as Jack. C) Sandra is likely to be more productive at work than Jack. D) Sandra is likely to be equally productivity at work as Jack.