The current account is
A) the reserve assets created by the International Monetary Fund for countries to use in settling international payment obligations.
B) the price of one nation's currency in term of the currency of another country.
C) a category of the balance of payments transactions that measures flows of real and financial assets.
D) a category of the balance of payments transactions that measures the exchange of merchandise, the exchange of services, and unilateral transfers.
D
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As a rule, as a consumer acquires more and more of a good, the marginal utility declines
a. True b. False Indicate whether the statement is true or false
Which of the following is most important for the growth of income and full realization of an economy's potential?
a. a positive rate of time preference that motivates a high rate of current consumption b. low real interest rates c. the use of central planning to allocate investment funds d. a mechanism capable of attracting savings and channeling them into investment projects that create wealth