The United States is a net importer of capital. This means
a. that U.S. citizens own more foreign assets than foreigners own U.S. assets
b. that citizens of other countries are buying more U.S. assets than U.S. citizens are buying foreign assets
c. only that U.S. citizens own foreign assets
d. only that foreign citizens own U.S. assets
e. either that U.S. citizens own foreign assets or that foreign citizens own U.S. assets
B
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According to the Heckscher-Ohlin theory, comparative advantage is based on:
a. labor productivity differences. b. product life cycles. c. the availability of skilled resources. d. consumer tastes and preferences. e. the relative abundance of the factors of production.
Maurice loses his job and decides to sit on the beach rather than looking for work the next few months. Other things the same, the unemployment rate
a. increases, and the labor-force participation rate is unaffected.
b. increases, and the labor-force participation rate decreases.
c. decreases, and the labor-force participation rate increases.
d. decreases, and the labor-force participation rate decreases.
The monopolist's demand curve is ______ that of the perfect competitor; the monopolist's marginal revenue curve is ______ that of the perfect competitor.
A. identical to; identical to B. different from; different from C. identical to; different from D. different from; identical to
A currency swap can
A. make the foreign exchange rate more volatile over time. B. make foreign goods more expensive in the domestic market. C. make domestic goods more expensive in foreign countries. D. reduce foreign exchange risk.