Rapidly growing developing countries tend to be borrowers on the international capital markets. From this information we may surmise that they have a comparative advantage in
A) future income.
B) capital goods.
C) disposable income.
D) consumer goods.
E) present income.
A
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________ is the narrowest monetary aggregate that the Fed reports
A) M0 B) M1 C) M2 D) M3
In economics, products are considered "differentiated" only if
a. they are physically or chemically different b. sellers decide that they are different c. buyers think that they are different d. the government determines that they are different e. they are produced by different firms
A natural monopoly:
A. has an average total cost curve that reaches minimum at a low level of output. B. occurs when a single firm can supply the entire market demand for a product at a lower average total cost than would be possible if two or more firms supplied the market. C. is usually subject to antitrust suits. D. is usually allowed to choose its price so as to maximize profits in the United States.
The international investment position is defined as
A) the total of all domestic assets owned by foreigners minus the total of all foreign assets owned by residents of the home country. B) the total of all domestic assets owned by foreigners plus the total of all foreign assets owned by residents of the home country. C) the total of all foreign assets owned by residents of the home country minus the total of all domestic assets owned by foreigners. D) the total of all foreign assets owned by residents of the home country times the total of all domestic assets owned by foreigners.