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Author Question: The official settlements account records the A) income used to settle international lawsuits. B) ... (Read 24 times)

fahad

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on: Jun 29, 2018
The official settlements account records the
 
  A) income used to settle international lawsuits.
  B) revenue collected from taxing exports.
  C) change in official U.S. reserves.
  D) revenue collected from taxing imports.
  E) change in the official U.S. exchange rate.

Question 2

What is a market? Must a market have a single physical location?
 
  What will be an ideal response?


parshano

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A market is any arrangement that allows buyers and sellers to get together and transact their business. Although some markets have a physical location, such as a farmers' market where buyers and sellers of fresh corn can meet face-to-face, markets do not require an actual location. Indeed, many markets, such as the local market for apartments, do not have a single physical location. Nonetheless, buyers and sellers (tenants and landlords) arrange purchases and sales (the rental of apartments and houses) through means other than meeting in one central location.


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