When an American sells a factory in Chicago to a citizen of Brazil, the transaction is registered as a debit in the U.S. capital account.
Answer the following statement true (T) or false (F)
False
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If a country is currently lending more to the rest of the world than it is borrowing from the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
Suppose you are offered a gamble in which you win $1,000 1/3 half the time but lose $800 2/3 half the time. If you are risk lover will you take the gamble? What will your expected payoff be?
What will be an ideal response?
Define the following terms and explain why they are important in the study of economics
a. efficient allocation b. laissez faire c. peak pricing d. input-output analysis e. coordination tasks
Suppose the demand for tacos increases. Ceteris paribus, what will happen to producer surplus in the market for tacos?
What will be an ideal response?