The United States is a net importer of capital. This means
a. that U.S. citizens own more foreign assets than foreigners own U.S. assets.
b. that citizens of other countries are buying more U.S. assets than Americans are buying abroad.
c. only that U.S. citizens own foreign assets.
d. only that foreign citizens own U.S. assets.
e. that citizens of other countries are buying fewer U.S. assets than Americans are buying abroad.
B
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According to the misperceptions theory, when the price level falls below the expected price level
A) the economy's SRAS curve shifts up. B) the economy moves along its AD curve. C) the economy moves along its LRAS curve. D) the economy moves along its SRAS curve.
An inferior good has a ________ income elasticity of demand and quantity demanded ________ as income rises
A) negative; increases B) negative; decreases C) positive; increases D) positive; decreases
In which governance form do shareholders own the company?
A) public sector B) state-owned enterprise C) corporation D) non-profit
Bid-rigging is more likely when
a. auctions are for larger amounts b. auctions are frequent c. auctions are infrequent d. the auctioneer is paid on commission rather than a fixed fee