International flows of goods and services are not connected to the international flows of financial capital.
Select whether the statement is true or false.
A. True
B. False
B. False
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When the price of a commodity rises, we can expect
A. marginal utility of the last unit purchased will rise. B. marginal utility of the last unit purchased will fall. C. marginal utility of the last unit purchased will be unaffected. D. purchases to rise because of the increased marginal utility.
The peak in U.S. government spending as a percent of GDP occurred during
A) World War II. B) the 1960s war on poverty. C) the Great Depression. D) the war against Iraq in the 2000s.
Higher corporate profit taxes stimulate capital formation in the private sector.
Answer the following statement true (T) or false (F)
An official agreement with another country to restrict the quantity of its exports to the U.S. is
A. a voluntary restraint agreement. B. a regional trade bloc. C. the quota system. D. a voluntary import expansion.