The international investment position is defined as
A) the total of all domestic assets owned by foreigners minus the total of all foreign assets owned by residents of the home country.
B) the total of all domestic assets owned by foreigners plus the total of all foreign assets owned by residents of the home country.
C) the total of all foreign assets owned by residents of the home country minus the total of all domestic assets owned by foreigners.
D) the total of all foreign assets owned by residents of the home country times the total of all domestic assets owned by foreigners.
A
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The reservation value of a buyer reflects her ________
A) willingness to pay for a good or service B) trade-off between buying various goods and services C) total utility from a good or service D) total income
Which of the following was not true of the First and Second Banks of the United States?
a. They had branches throughout the country. b. They issued paper money. c. They made loans to private individuals. d. They set the bimetallic ratio.
A U.S. firm sells diesel locomotives to a German railroad. Other things the same, this sale
a. increases U.S. net exports and decreases German net exports. b. decreases U.S. net exports and increases German net exports. c. increases U.S. and German net exports. d. decreases U.S. and German net exports.
Many conservative economists want to __________ the minimum wage.
A. raise B. lower C. abolish