If Allan lives in Boston and decides to buy a pair of hockey skates from Canada for $100, and the Canadian he bought them from buys a baseball hat and jersey for $100 from Boston, then the U.S. next exports:
A. and net capital outflow both equal ?$100.
B. and net capital outflow are both zero.
C. is zero and net capital outflow is ?$100.
D. equals ?$100 and net capital outflow is zero.
Answer: B
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A) equals total revenue minus marginal cost B) is maximized when the market outcome is efficient C) equals total revenue minus opportunity cost D) plus producer surplus is maximized when resources are used efficiently
Which of the following is a method of reducing the poverty trap?
a. Imposing requirements for work as a condition of receiving benefits b. Ensuring that government benefits are increased gradually over time c. Reducing government benefits by an amount equal to income earned d. Providing a guaranteed minimum income for all needy recipients
If M2 were 2,000, small denomination time deposits were 200, and large denomination time deposits were 400, how much would M3 be?
Fill in the blank(s) with the appropriate word(s).
Unemployment insurance tends to lead to the unemployed worker spending less time unemployed.
Answer the following statement true (T) or false (F)