If a country's trade surplus falls, its net capital outflow rises
a. True
b. False
Indicate whether the statement is true or false
False
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If a firm engages in a merger that substantially reduces competition, then it would be in violation of the:
a. Clayton Act. b. Robinson-Patman Act. c. Sherman Antitrust Act. d. Federal Trade Commission Act. e. Celler-Kefauver Antimerger Act.
When a firm acquires another,
A) the acquired firm suffers a winner's curse. B) the acquiring firm may suffer a winner's curse. C) neither firm suffers from a winner's curse. D) a winner's curse only applies if a patent is lost.
Diminishing marginal utility suggests that
a. more is always preferred to less. b. the well-being of society is maximized when the distribution of income is equal. c. the poor are less efficient at spending money than the rich. d. the poor receive more satisfaction from the last dollar spent than the rich.
Equilibrium GDP can be depicted graphically as that point where the _________ and _________ cross.
Fill in the blank(s) with the appropriate word(s).