The fact that assets of the political opponents of the U.S. were frozen in U.S. banks
A) was challenged as unconstitutional.
B) lead to an increased amount of funds being placed in Eurobanks.
C) lead to a violation of the Law of One Price.
D) lead to the Cold War.
E) lead to a violation of Regulation Q.
B
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Internal costs are
A) costs borne solely by the individuals who incur them. B) costs borne by people in the same society as those who incur them. C) costs borne by people working in the firm that incurs them. D) costs that are incurred by the producers but buyers do not pay for them.
Which of the following observations concerning GDP calculations is true?
A. Goods and services produced by governments are valued at market price. B. Inventories are treated as if they are yet to be sold. C. Goods produced but not sold during the year are counted in that year’s GDP. D. Goods that firms add to their inventories do not count in the GDP.