A current account deficit implies that
A) the country is a net lender with the rest of the world.
B) the country is running a net capital account surplus.
C) foreign investment in domestic securities is at very low levels.
D) All of the above.
B
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In the classical model, a decrease in immigration would
a. decrease labor supply, increase the real wage, and decrease output. b. increase labor supply and the real wage, and decrease output. c. increase labor demand and the real wage, and increase output. d. reduce real wages and reduce output.
If total utility is increasing as more of a good is consumed: a. marginal utility must be decreasing
b. marginal utility must be increasing at an increasing rate. c. marginal utility is positive. d. both (b) and (c) are true.
According to the Coase theorem, if the appropriate property right is assigned to __________, an efficient solution to an externality problem will be achieved
Fill in the blank(s) with the appropriate word(s)
The legislation that extended antitrust legislation to proprietorships and partnerships was the:
A. Sherman Act. B. Hart-Scott-Rodino Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.