Define net capital outflow
Net capital outflow equals the purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreign residents.
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Economic growth due to labor force expansion or capital investments will result in I. A leftward shift of short-run aggregate supply. II. A rightward shift in long-run aggregate supply
A) I only B) II only C) Both I and II D) Neither I nor II
According to the benefits principle, it is fair for people to pay taxes based on the benefits they receive from the government
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 23.12 below to answer the question(s) that follow.
Figure 23.12Refer to Figure 23.12. Suppose the economy's aggregate expenditure line is AE2. A $10 million increase in planned investment causes aggregate equilibrium output to increase to
A. $1,440.5 million. B. $1,510 million. C. $1,516.7 million. D. $1,525 million.
Refer to the information provided in Table 33.5 below to answer the question(s) that follow. Cashews are measured in bushels and tea is measured in pounds (lbs.)
Table 33.5
Refer to Table 33.5. If both countries specialize and trade with each other, Vietnam will export ________ and India will import ________.
A. cashews; cashews B. cashews; tea C. tea; tea D. tea; cashews