A financial account surplus implies that a countries assets are falling or its liabilities are rising
a. true
b. false
Ans: a. true
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One way the Canadian system lowers costs is by rationing expensive procedures
a. True b. False
When comparing partial-equilibrium effects to general-equilibrium effects, one can conclude that
A) general-equilibrium effects are always larger. B) partial-equilibrium effects are always larger. C) the effects are of equal size. D) one cannot determine before the fact which effect is greater.
The Samuelson-Solow version of the Phillips curve showed the relationship between unemployment rates and
A) Real GDP growth rates. B) price inflation rates. C) wage inflation rates. D) imports.
When an asset is sold for less than it is bought, then there is a
A. capital loss. B. corporate income tax. C. budget deficit. D. capital gain.