If economies participate in the global trade of goods and services, they do not need to participate in international flows of financial payments and investments.
Select whether the statement is true or false.
A. True
B. False
B. False
This statement is false. If economies participate in the global trade of goods and services, they will also need to participate in international flows of financial payments and investments.
You might also like to view...
Being paid a wage more than your opportunity costs is an example of
A) economic profit. B) normal profit. C) an accounting cost. D) an efficiency wage.
Marginal revenue at the profit-maximizing/loss-minimizing amount is
A. $4.
B. $12.
C. $14.
D. $20.
The United States has no comparative advantage in shipping, so a domestic shipping industry has no reason to exist
a. True b. False Indicate whether the statement is true or false
Assuming a 5 percent rate of interest, the present value of a business that generates an annual income of $20,000 is worth
a. $1,000 b. $20,000 c. $400,000 d. $80,000 e. $100,000