Net exports are positively related to income in the rest of the world
Indicate whether the statement is true or false
TRUE
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If net exports are negative
A) net foreign investment is positive. B) capital inflows must be less than capital outflows. C) net foreign investment is also negative. D) Both A and B are correct.
The overall productivity crisis of the 1970s can be attributed, in part, to insufficient investment in research and development
Indicate whether the statement is true or false
Say's Law refers to the concept that: a. increases in aggregate demand create unionization. b. demand creates its own supply
c. supply creates its own demand. d. flexible wages affect price levels.
The balance of payments is
A) the value of goods and services bought and sold in the world market. B) a summary record of a country's economic transactions with foreign residents and governments. C) a summary record of a country's purchases and sales of goods and services in the world market. D) the value of merchandise goods bought and sold in the world market.