Net investment income from abroad is investment earnings by U.S. residents from their foreign assets plus investment earnings by foreigners from their assets in the United States
Indicate whether the statement is true or false
false
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Refer to the scenario above. The opportunity cost of producing good X equals:
A) loss in Good Y / loss in Good X. B) loss in Good Y / gain in Good X. C) loss in Good X / loss in Good Y. D) loss in Good X / gain in Good Y.
Banks will hold additional excess reserves when
a. loans to customers look safe and interest rates are high. b. they anticipate a bank audit. c. loans to customers look risky and interest rates are low. d. the economy is booming and there is a large demand for loans.
In a closed economy, each unit of output is either consumed by households or invested
a. True b. False Indicate whether the statement is true or false
Even in democratic governments, we tend to have a problem with accountability due to the following reasons, except
What will be an ideal response?