If two nations engage in trade, they will always share equally the gains achieved through specialization
Indicate whether the statement is true or false
F
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Repeated games can lead to tacit collusion.
Answer the following statement true (T) or false (F)
A consumption function is a statement that shows the relationship between interest rates and consumption
Indicate whether the statement is true or false
Net capital outflow equals the difference between a country's
a. income and expenditure. b. investment and saving. c. purchases of foreign goods and services and sales of goods and services abroad. d. purchases of foreign assets and sales of domestic assets abroad.
The default-risk premium:
A. should vary directly with the bond's yield and the bond's price. B. should be lower for a highly speculative bond than for an investment-grade bond. C. should vary directly with the bond's yield and inversely with its price. D. is less than 0 (zero) for a U.S. Treasury bond.