This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the current account of a country is in balance and the official settlements account equals ... (Read 210 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Suppose the current account of a country is in balance and the official settlements account equals 0. A new transaction occurs so that the current account is now in surplus, but the official settlements account does not change.
 
  From this we know that A) the balance of trade is now in surplus.
  B) the government is running a budget deficit.
  C) the capital and financial account is now in deficit.
  D) the government must make official reserve transactions.

Question 2

Which of the following makes demand less elastic?
 
  A) the existence of many close substitutes for the good
  B) spending a large proportion of income on the good
  C) a short time elapsing since the product's price changed
  D) All of the above answers are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Cooldude101

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 29, 2018
Correct answers!


dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Stressing that education reproduces a country’s social class system, conflict theorists point out ... Stressing that education reproduces a country’s social class system, conflict theorists point out ...
Data Used to Analyze Productivity in Country 1 and Country 2 Data Used to Analyze Productivity in Country 1 and Country 2
Find the voltage, current and power for each resistor in the circuit below Find the voltage, current and power for each resistor in the circuit below
Billy Gillies - DNA (Loving You) [feat. Hannah Boleyn] [Official Audio] Billy Gillies - DNA (Loving You) [feat. Hannah Boleyn] [Official Audio]
Current intensity and the frequency of action potentials Current intensity and the frequency of action potentials
Diplo & Riva Starr - Heaven or Not (feat. Kareen Lomax) [Official Visualizer] Diplo & Riva Starr - Heaven or Not (feat. Kareen Lomax) [Official Visualizer]
Video: Factors that influence muscle tension - Sarcomere length and force, understretched and overstretched

For a complete list of videos, visit our video library