The total value added in the production of a final good
a. exceeds the price of the final good.
b. equals the price of the final good.
c. exceeds the total payments made to owners of productive resources used in the production.
d. both equals the price of the final good and exceeds the total payments made to owners of productive resources used in the production.
b. equals the price of the final good.
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The facility that was created in December of 2007 that banks can use to borrow from the Fed that has less of a stigma for banks compared to borrowing from the discount window is the
A) Term Securities Lending Facility. B) Term Auction Facility. C) Primary Dealer Credit Facility. D) Commercial Paper Funding Facility.
The record of all transactions with foreign nations that involve the exchange of merchandise goods and services or unilateral gifts is called the
a. capital account. b. current account. c. balance of trade. d. balance of payments.