When the United States sends money to Indonesia to help tsunami survivors, in what account is this transaction recorded?
A) the current account B) the capital account
C) the financial account D) the foreign exchange account
A
Economics
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Using the information in Situation 20-1, if aggregate output equals $8,000, the unplanned inventory investment equals
A) -$100 B) $0 C) $100 D) $500
Economics
Which of the following is NOT correct concerning perfectly competitive firms in the long run?
A) Long-run economic profits are zero. B) Price equals minimum long-run average cost. C) Entrepreneurs earn the opportunity cost of their investment. D) The opportunity cost of capital is zero.
Economics