State and local governments usually finance programs like highways, libraries, hospitals, health care, parks, and police and fire protection

If the current account balance is -$100 billion, net interest = $0, net transfers = $0, then

A) the country is loaning abroad. B) there was an increase in net foreign assets. C) exports are greater than imports. D) the capital and financial account balance must be +$100 billion. E) imports are greater than exports.

Which of the following is the best way to describe equilibrium in a market? At equilibrium, the

A) price is the lowest possible. B) price is usually affordable to most people. C) supply and demand curves can never shift again. D) quantity supplied equals the quantity demanded.