Which of the following is correct?
a. NCO = NX
b. NCO + I = NX
c. NX + NCO = Y
d. Y = NCO - I
a
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From 1997 to 2003, stock prices based on the Standard and Poor's index and the share of investment spending as a component of GDP tended to
A) move in the same direction. B) be unrelated to each other. C) move in opposite directions. D) both remain relatively unchanged.
Price is the rationing mechanism in a free, competitive market
a. True b. False Indicate whether the statement is true or false
A key component of the asset approach to exchange rates is being able to gauge accurately:
a. the price level. b. the rate of inflation. c. expected future exchange rates. d. the GOP gap.
Suppose a patent applicant approaches an insurance company and seeks to purchase an insurance policy that her patent will not net $1m in the next three years. The insurance company
A) will sell her an insurance policy because the proposal entails uncertainty not risk. B) will sell her an insurance policy because the proposal entails risk not uncertainty. C) will not sell her an insurance policy because the proposal entails uncertainty not risk. D) will not sell her an insurance policy because the proposal entails risk not uncertainty.