If a country has a net capital inflow, it means they have:
A. a trade surplus.
B. a trade deficit.
C. more exports than imports.
D. more capital goods flowing into their country than out of it.
B. a trade deficit.
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The United States provides most of its economic aid through the
a. World Bank b. Agency for International Development (AID) c. Group of 77 d. private sector e. NIEO
The total burden of a tax equals tax receipts plus excess burden
a. True b. False Indicate whether the statement is true or false
Figure 4-3 indicates the demand (D) and supply (S) for the rental housing market in a large city. If the government imposed a price ceiling of a, which of the following would be true?
a. The quantity of rental housing demanded would be t. b. The quantity of rental housing supplied would be r. c. There would be a shortage of rental housing. d. All of the above are true.
If a supply curve goes through the point P = $10 and Qs = 320, then
A. $10 is the highest price that will induce firms to supply 320 units. B. at a price higher than $10 there will be a surplus. C. at a price lower than $10 there will be a shortage. D. $10 is the lowest price that will induce firms to supply 320 units. E. both c and d