Refer to the figure above. This is an example of a(n) ________
A) zero-sum game
B) prisoners' dilemma
C) extensive-form game
D) payoff matrix
C
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If all international factor payment flows are investment income, then net investment income from abroad equals
A) net exports. B) the current account balance. C) the trade balance. D) net income from abroad.
The process of accumulating capital is called:
a. capitalization. b. loanable funds. c. investment. d. debt management.
An industry supply curve is the horizontal summation of the supply curves of all of the individual firms
a. True b. False Indicate whether the statement is true or false
Property taxes are:
A. an automatic stabilizer because they vary with income. B. an automatic stabilizer because they do not vary with income. C. not an automatic stabilizer because they do not vary with income. D. not an automatic stabilizer because they vary with income.