A large and sudden movement of funds out of a country is called
a. arbitrage.
b. capital flight.
c. crowding out.
d. capital mobility.
b
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Economists generally assume
A) individuals act strictly in the public interest. B) individuals are never concerned with the interests of other people. C) individuals rarely promote the projects in which they are interested. D) none of the above.
If nominal GDP is 100,000 and real GDP is 80,000, the GDP deflator is 115
Indicate whether the statement is true or false
Managers experience bounded rationality when they focus narrowly on maximizing their firm's profits and ignore the broader perspective of society's preferences
a. True b. False
If consumption is $4000, exports are $300, government purchases are $1000, imports are $400, and investment is $800, then GDP is $5700
a. True b. False Indicate whether the statement is true or false