The U.S. bond rating was devalued from AAA to AA+ in 2011 due to the rise in government debt
a. True
b. False
Indicate whether the statement is true or false
True
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Absolute advantage occurs when one producer has greater productivity compared to another producing the same product
Indicate whether the statement is true or false
The net investment income from abroad is U.S. investment earnings from foreign assets minus what?
a. foreigners earnings from their U.S. assets b. foreigners earnings from investments at home c. U.S. investors stock market earnings d. U.S. bondholders earnings from interest abroad
A movement along a demand curve from one price-quantity combination to another is called a:
A. change in quantity demanded. B. change in demand. C. shift in the demand curve. D. change in quantity supplied.
The average-cost pricing policy provides a greater incentive for a regulated monopolist to reduce its production costs.
Answer the following statement true (T) or false (F)