How is offshoring of services different from past trade patterns?
What will be an ideal response?
Services were consumed where they were produced and not traded.
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Normally, the Federal Deposit Insurance Corporation would shut down a bank when:
A) assets of the bank equal the liabilities of the bank. B) assets of the bank exceed the liabilities of the bank. C) liabilities of the bank exceed the assets of the bank. D) stockholders' equity is greater than zero.
Making a loan is generally:
A. less risky and more potentially rewarding than buying stock. B. more risky and less potentially rewarding than buying stock. C. less risky and less potentially rewarding than buying stock. D. more risky and more potentially rewarding than buying stock.
The term "recovery" refers to the maximum point of the business cycle
a. True b. False Indicate whether the statement is true or false
The Circular Flow Model:
a. Shows that inflation harms consumers and boosts business profitability. b. Proves that inflation reduces the purchasing power of consumers and does not affect businesses. c. Has no application to questions relating to inflation. d. Suggests that when the actual inflation was expected, it may not harm anyone.