A decrease in demand and an increase in supply will
A. affect price in an indeterminate way and decrease the equilibrium quantity.
B. decrease price and affect the equilibrium quantity in an indeterminate way.
C. decrease price and increase the equilibrium quantity.
D. increase price and affect the equilibrium quantity in an indeterminate way.
Answer: B
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To get personal income from national income, one must:
A. subtract out retained earnings, Social Security taxes, and transfer payments, and add in corporate business taxes. B. subtract corporate profits and Social Security taxes, and add in transfer payments and other income. C. subtract retained earnings, corporate business taxes, and transfer payments, and add in Social Security taxes. D. subtract out corporate business taxes, Social Security taxes and transfer payments, and add in retained earnings.
When a foreigner buys shares in a U.S. company, the transaction
A. is registered as a debit in the capital account, and it increases private U.S. assets abroad. B. is registered as a credit in the capital account, and it decreases foreign private assets in the United States. C. is registered as a debit in the current account, and it decreases private U.S. assets abroad. D. is registered as a credit in the capital account, and it increases foreign private assets in the United States.