In a large open economy ________
A) the effect of shifts in saving and investment on the trade balance are in the same direction as in a closed economy
B) the effect of shifts in saving and investment on net capital flows are in the same direction as in a closed economy
C) the effect of shifts in saving and investment on the domestic real interest rate and the actual levels of saving and investment are in the same direction as in a closed economy
D) all of the above
E) none of the above
C
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a. are major contributors to the formation of photochemical smog b. release only small amounts of NOX and VOCs c. play a minor role in the smog problem of Los Angeles d. have not been linked scientifically to smog formation
The transactions approach to measuring money includes
A) traveler's checks. B) government bonds. C) the value of shares of stock in commercial banks. D) all of these.
The person most likely to receive a payment from a corporation in a year of losses is the
A) bondholder. B) common stockholder. C) preferred stockholder. D) investment banker.
Which of the following would help reduce our trade deficit?
A. Reduce our trade deficit with China B. Lower our dependence on oil imports C. Reduce our consumption habits D. All of the choices would help reduce our trade deficit.