Any country with highly attractive domestic investment opportunities and a low savings rate will tend to
a. run a current account deficit that is equal to its capital account surplus.
b. run a current account surplus deficit over a long period.
c. tend to be relatively poor (compared with other countries).
d. run a current account deficit.
D
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All industrialized countries have become “service economies.” Which factor helps explain this shift?
A. Trade unionism and failure of the manufacturing sector to grow B. Information age and laborsaving innovation in manufacturing C. The decline in the number of workers possessing the required skills for industrial production D. The lack of competition in the service sector
The TANF program is generally thought of as being a success because _____
a. welfare rolls have declined significantly since its inception b. welfare spending has declined significantly since its inception c. is similar to the AFDC program while being strictly means-tested d. a and b
The economist who argued that most prices in a mixed economy are set by the nation's largest corporations was
A. Adam Smith. B. Karl Marx. C. John Maynard Keynes. D. John Kenneth Galbraith.
If the price of golf balls increases, what will likely happen to the demand for golf club manufacturing employees?
A. It will stay the same. B. It will increase. C. It will decrease. D. Nothing, the two are not related.