A reduction in taxes on domestic financial investments usually leads to capital outflows.
Answer the following statement true (T) or false (F)
False
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Based on the theory of comparative advantage, nations maximize their well being when they
A) create more jobs. B) allocate resources more efficiently. C) increase trade surpluses. D) increase exports.
The formula for calculating the cross price elasticity of demand is: a. the change in the quantity demanded of one good divided by the change in the price of another good
b. the percentage change in demand of one good divided by the percentage change in the price of another good. c. the percentage change in the quantity supplied of one good divided by the percentage change in the price of another good. d. the percentage change in the price of one good divided by the percentage change in the quantity demanded of another good.
The United States six largest labor unions have at least _______ members each.
A. 250,000 B. 1.3 million C. 2.5 million D. 5 million
Which of the following is not a component of the federal government's fiscal policy?
A. Debt financing B. Key interest rates C. Spending D. Taxation