If domestic residents of France purchase 1.2 trillion euros of foreign assets and foreigners purchase 1.5 trillion euros of French assets, then France's net capital outflow is
a. -.3 trillion euros, so it must have a trade deficit.
b. -.3 trillion euros, so it must have a trade surplus.
c. .3 trillion euros, so it must have a trade deficit.
d. .3 trillion euros, so it must have a trade surplus.
a
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Jeremy is thinking of starting up a small business selling NASCAR memorabilia. He is considering setting up his business as a sole proprietorship. What is one advantage to Jeremy of setting up his business as a sole proprietorship?
A) As a sole proprietor, Jeremy would have the ability to share risk with shareholders. B) As a sole proprietor, Jeremy would have both ownership and control over the business. C) As a sole proprietor, Jeremy would face limited liability. D) All of the above would be advantages of setting up his business as a sole proprietorship.
One of the solutions to the adverse selection problem in insurance is
a. Is to require that only the high risk individuals to buy insurance b. Is to require that only the low risk individuals buy insurance c. Is to require everyone to buy insurance d. Is to completely ban insurance companies
Capital deepening occurs when new technology is applied to production
Indicate whether the statement is true or false
An optimal decision is one that chooses the most desirable from among all possibilities that are available
a. True b. False Indicate whether the statement is true or false