In the balance of payments accounts, a net importer of capital is a nation that
a. sells more goods in foreign countries than it imports
b. buys more goods from foreign countries than it exports
c. sells more assets to individuals in other countries than the assets it buys from them
d. buys more assets from individuals in other countries than the assets it sells to them
e. imports less machinery than it exports
C
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Several students had the idea that they could get rich if they opened a dating service on campus. Others were skeptical that the information on those services is either not true or exaggerated but the enterprising students tell them a campus based system will be much more reliable. This claim
A. does not make sense because college students are risk lovers by nature and would make false claims. B. is false because the stigma of the newcomer will exclude freshman from the service. C. makes sense because a campus has many close relationships so exaggerated claims would be easily exposed. D. makes sense because college students are risk averse by nature and would not make claims that could get them in trouble.
During the short-run period of the production process, a firm will be:
A. unable to vary any of its factors of production. B. able to vary some of its factors of production. C. able to vary all of its factors of production. D. able to vary the size of its plant.
An aggregate supply curve represents the relationship between the:
A. price level and the buying of real domestic output. B. price level that producers are willing to accept and the price level buyers are willing to pay. C. real domestic output bought and the real domestic output sold. D. price level and the production of real domestic output.
In the short run, ________ factors of production are fixed, while in the long run, ________ of them are.
A. some; none B. all; none C. no; at least some D. all; at least some