In the balance of payments, the buying and selling of real and financial assets is represented in
A) current account.
B) financial account.
C) labor account.
D) official reserve transactions account.
Answer: B
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Which is the most likely reason why more students continue on to graduate school when the economy is in bad shape and job prospects are poor?
A) They finally see the value of continuing their education. B) They are pressured by parents to stay in school a few more years. C) Their opportunity cost of attending college has fallen. D) They are irrational in this case, as they will have to take on more debt to finance the graduate degree.
Connecting public roads in one city to public roads in another is an example of a _____ problem where larger governments can help smaller governments
a. negative externalities b. economies of scale c. prisoners' dilemma d. coordination problem