The exchange rate of the dollar relative to other currencies is determined by market forces. When equilibrium is present in the exchange rate market,
What will be an ideal response?
the purchases of Americans from foreigners will be equal to the sales of Americans to foreigners.
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In national income accounting, a "final good" is
A) a finished product. B) something purchased with the goal of further resale. C) something purchased by an ultimate user in the household, business, or government sector. D) something that is impossible to determine.
The Social Security program is primarily a
a. compulsory retirement income program set up on sound insurance principles. b. forced-savings program where workers save during their working years and receive the principal and interest on these savings at retirement. c. program designed to tax current workers in order to provide benefits for current retirees. d. voluntary savings program run by the government.