What was the total of U.S.-owned assets abroad in 2017?
a. -$1,183 billion
b. -$552 billion
c. $221 billion
d. $1,537 billion
a. -$1,183 billion
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Single-owner proprietorships often unintentionally exaggerate their profits because they
A) forget their explicit losses. B) look at after-tax instead of pre-tax costs. C) pay their bills late and therefore incur large interest charges. D) neglect to consider the opportunity cost of the owner's labor.
If the average price level falls, the real value of wealth also falls
a. True b. False Indicate whether the statement is true or false
In the following graph, the price of labor is $15 per unit. Which of the following combinations of capital and labor lies on the expansion path?
A. 18K, 40L B. 21K, 60L C. 30K, 100L D. 15K, 40L E. none of the above
You are a top Treasury official for a developing country who has been asked for advice on how to best open the nation's stock market to foreign investment. Previously, the government did not permit foreigners to purchase domestic stock. Now, the government has a plan to create two markets: one for domestic residents and one for foreign investment. What are the potential drawbacks of this system, compared to allowing both domestic and foreign investors to trade in the same market? What are the larger implications for economic efficiency? How might the government be able to address these issues?
What will be an ideal response?