As defined by economists, interest is
a. only the amount earned by productive capital as a resource
b. only the amount earned by land as a resource
c. only the amount earned by lending money
d. both the amount earned by productive capital as a resource and the amount earned by lending money
e. both the amount earned by land as a resource and the amount earned by lending money
Question 2
Which of the following is true concerning unilateral transfers in the U.S. balance of payments?
a. Unilateral transfers have been positive since World War II.
b. Unilateral transfers have been negative since World War II.
c. Unilateral transfers have been negative every year since World War II except during the war in Iraq.
d. The United States places tight restrictions on moneys being sent out of the country.
e. Developing countries ordinarily place no restrictions on moneys being sent out of their countries.
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