The difference between a country's purchases of foreign assets minus foreign purchases of the country's assets during a period of time is
A. net foreign investment.
B. net domestic investment.
C. net foreign surplus.
D. net official reserves.
Answer: A
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A socially-optimal price regulation will NOT work if:
A) marginal cost is less than average total cost. B) marginal cost is less than average fixed cost. C) marginal cost is greater than average total cost. D) marginal cost is greater than average fixed cost.
Marginal tax rates and average tax rates are rarely the same. What happens to the relationship between marginal tax rates and average tax rates as incomes rise in the highest tax brackets?
What will be an ideal response?
Paper money helped colonists pay soldiers for services provided when specie was not available. This money was fiat money; it did not possess specie backing
Indicate whether the statement is true or false
Export promotion policies try to encourage firms to produce more of the products for which the country has a comparative advantage.
Answer the following statement true (T) or false (F)