The current account shows transactions in goods and services; the capital account shows purchases and sales of assets; and the official reserve transactions account shows movement of international reserves

a. True
b. False

A

Economics

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In the circular flow model, the factor markets are the markets in which

A) consumption goods and services are bought and sold. B) government goods and services are provided. C) land, labor, capital, and entrepreneurship are bought and sold. D) investment goods and services are bought and sold. E) governments impose all their taxes.

Economics

In the above figure, using the slope across an arc, the slope of the curve between points a and c is

A) 3/5. B) 5/3. C) -3/5. D) -5/3.

Economics