The elimination of the federal budget deficit in the 1990s put downward pressure on real interest rates

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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If a country has an absolute advantage in producing a product, it may not have a comparative advantage in producing that product

Indicate whether the statement is true or false

Economics

Which of the following is equivalent to the trade deficit?

a. Imports ? exports b. Net capital inflow c. Exports + imports d. Net exports - imports e. Exports ? imports

Economics

Giffen goods are inferior goods for which the income effect dominates the substitution effect

a. True b. False Indicate whether the statement is true or false

Economics

The goods and services purchased from foreign sources are:

A.) Investment. B.) Exports. C.) Imports. D.) Income transfers.

Economics