Financial account transactions occur
A) when an U.S. company purchases goods from a foreign company.
B) because of cross-border flows of financial assets.
C) when you move money from one U.S. bank to another U.S. bank.
D) when an U.S. citizen purchases stock in an U.S. corporation.
Answer: B
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Macroeconomics helps explain economic fluctuations, why the economy shrinks and expands and why some of the economy's resources are idle
Indicate whether the statement is true or false
An upward-sloping supply curve of labor reflects the fact that the
a. demand for the good is increasing causing its price to increase b. population size in the region is increasing c. workers are willing to supply a greater quantity of labor at higher wage rates d. marginal revenue product rises as the wage rate rises e. workers' opportunity costs are falling as the wage rises