Since 1980 U.S. net capital outflow has been
a. negative, meaning that foreigners were buying more capital assets from the United States than Americans were buying abroad.
b. negative, meaning that Americans were buying more capital assets abroad than foreigners were buying from the United States.
c. positive, meaning that foreigners were buying more capital assets from the United States than Americans were buying abroad.
d. positive, meaning that Americans were buying more capital assets abroad than foreigners were buying from the United States.
a
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The quantity of U.S. dollars supplied in the foreign exchange market is
A) the same as the quantity of for U.S. dollars demanded. B) negatively related to the exchange rate. C) fixed at any given exchange rate. D) unrelated to the exchange rate. E) positively related to the exchange rate.
If the demand curve is vertical, the elasticity is
a. 1.0. b. 0.0. c. 0.5. d. infinite.
The original research that culminated in the Internet was sponsored by
A. The Defense Department. B. NASA. C. Microsoft. D. Al Gore.
Figure 18.1Refer to Figure 18.1. Mutually beneficial terms of trade between the United States and Canada would be:
A. 1 bicycle for 8 hang gliders. B. 1 hang glider for 3 bicycles. C. 1 hang glider for 1/4 of a bicycle. D. 1 hang glider for 1/2 of a bicycle.