During most of the 1980s, 1990s, and 2000s the U.S. has had a ________ current account balance and a ________ capital and financial account balance
A) positive; positive
B) positive; negative
C) negative; positive
D) negative; negative
C
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Refer to Figure 7-1. Under autarky, the equilibrium price is
A) $54. B) $0. C) $24. D) $30.
Which of the following is true of Antitrust policy?
a. Antitrust policy prohibits agreements that allow free trade. b. Antitrust policy restricts abusive behavior by a firm dominating a market. c. Antitrust policy allows anti-competitive practices. d. Antitrust policy restricts subsidies in goods and services. e. Antitrust policy creates trade barriers like tariffs and quota.
Assuming that coffee and tea are substitutes, a decrease in the price of coffee will result in a. A leftward shift in the demand for tea
b. A downward movement along the demand curve for tea. c. A rightward shift in the demand for tea. d. An upward movement along the demand curve for tea.
When a business has been profitable and needs to invest, its preferred method of financing will likely be
a. plowback. b. stock issue. c. bond sales. d. equal issues of stocks and bonds.