Which of the following is NOT considered a receipt in the balance of payments?
A) exports of goods
B) capital inflows
C) import of services
D) unilateral transfers to U.S. citizens
C
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Which of the following generalizations about the benefit of a subsidy is correct?
a. The more inelastic the supply of a product, the larger the portion of the benefit will be to buyers. b. The more inelastic the demand for a product, the larger the portion of the benefit will be to buyers. c. The more elastic the supply of a product, the smaller the portion of the benefit will be to buyers. d. The distribution of the benefit of a subsidy is not affected by the elasticity of the supply and demand for the product for which the subsidy is granted.
According to the ________ hypothesis, unemployment may occur, and if it does, it will be temporary.
A. Socialist workers' B. rational expectations C. equilibrium employment D. Keynesian labor