The above table shows some of the balance of payments accounts for Urland. What is Urland's balance on the capital and financial account?

A) -$146 billion
B) -$183 billion
C) -$99 billion
D) $142 billion

A

Economics

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The most appropriate countercyclical policy, or stabilization policy, in times of unemployment, according to classical economists, is for the government to

a. increase the minimum wage b. impose wage and price controls c. stimulate aggregate demand d. cut taxes e. do nothing

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Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. Given the scenario described, if the market price of hammers increased from $6 to $7:

A. total producer surplus would decrease. B. total producer surplus would increase. C. total producer surplus would remain unchanged. D. total producer surplus cannot be determined with the information given.

Economics