A trade deficit can be financed by all of the following except
a. a surplus in the capital account.
b. a surplus in the official reserves transaction account.
c. selling U.S. assets to foreigners.
d. U.S. citizens buying foreign stocks and bonds.
Question 2
Evidence in favor the Keynesian model would be that:
a. investment is not sensitive to changes in tax rates.
b. labor supply is inelastic.
c. the aggregate price level is positively correlated with income.
d. all of the above.
e. none of the above.
Romanesque capital showing Samson and the lion (13th century).
Ivory trade in East Africa during the 1880s and 1890s
Natural capital degradation
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
Share of Human Capital in Wages in Developing Countries