When people invest at home, it is called ________, and when they invest abroad it is called ________.
A. I; NX
B. S; I
C. S; NCO
D. I; NCO
Answer: D
You might also like to view...
Which of the following is the BEST example of a private good?
A) a can of Mountain Dew B) fish in the ocean C) cable television D) national defense
If the actual price level is lower than the expected price level reflected in long-term contracts,
a. many firms will find production more profitable than they had expected and will increase the quantity of output supplied b. many firms will find production less profitable than they had expected and will decrease the quantity of output supplied c. many firms will find production more profitable than they had expected and will decrease the quantity of output supplied d. many firms will find production less profitable than they had expected and will increase the quantity of output supplied
With which of the Ten Principles of Economics is the study of international trade most closely connected?
a. People face tradeoffs. b. Trade can make everyone better off. c. Governments can sometimes improve market outcomes. d. Prices rise when the government prints too much money.
Assume Bill's income to spend on the two goods in the graph shown is $48, and movie tickets cost $8. If Bill's budget constraint is one of the lines in the graph, which one must it be?
A. A B. B C. C D. It could be line A or B.