Exports minus imports equals net exports.
Indicate whether the statement is true or false
Answer: True
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Other things being equal, an increase in U.S. interest rates would be likely to cause an increase in the capital account surplus or a decrease in the capital account deficit
a. True b. False Indicate whether the statement is true or false
Software programs have been introduced that allow you to use your personal computer like a telephone to talk to others who own the same software. One such program costs $50 to buy and allows you to make unlimited calls for free. The economics of
substitutions and complements are present in this scenario. a . Explain in economic terms the effect of these products on the market for long distance telephone service. b. Explain in economic terms the effect of these products on the market for personal computers.
Firms share technology with rivals,
a. in order to better compete with their rivals. b. in order to help out when their rivals are in trouble. c. to share the substantial risks of innovation. d. because they are required to by law. e. in order to pass false information to their rivals in order to drive them out of business.
In 2015, the volume of U.S. imports from China were
A. larger than the volume of U.S. imports from Europe. B. larger than the volume of U.S. imports from Mexico. C. larger than the volume of U.S. imports from Canada and Mexico combined. D. none of the options are correct.