The international investment position of the United States is negative. This means that
A) the U.S. current account balance is positive.
B) foreigners own more U.S. assets than domestic residents own foreign assets.
C) foreigners own fewer U.S. assets than domestic residents own foreign assets.
D) the U.S. current account balance is negative.
B
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The marginal social cost curve lies below the marginal private cost curve, with the vertical difference between the two curves representing the marginal external cost
Indicate whether the statement is true or false
In the above figure, market equilibrium at point E yields the quantity X. The quantity X? is the socially optimal quantity. Point E indicates that currently there is
A. a public good. B. a positive externality with subsidy. C. a negative externality. D. a positive externality.
The organization that settles trade disputes between countries is the
A. World Bank. B. United Nations. C. World Trade Organization. D. International Monetary Fund.
The FE line is vertical because the level of output at full employment doesn't depend on the
A. marginal product of labor. B. real interest rate. C. real wage rate. D. level of employment.