During the twentieth century, the real income of the average American grew by a factor of more than seven
a. True
b. False
Indicate whether the statement is true or false
True
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Why are perfectly competitive markets considered efficient?
What will be an ideal response?
The acquisition of a new physical asset by a foreign resident is called
A) foreign direct investment. B) foreign capital investment. C) a portfolio inflow. D) a portfolio outflow.
A financial market is where people trade:
A. future claims on funds or goods. B. current claims for future goods. C. current goods for future funds. D. future funds or goods for reduced current risk.
Which of the following statements, in the context of U.S. exports, is true?
a. The U.S. exports products produced in the low wage industries. b. Primary products account for the largest share of U.S. exports to developed nations. c. The U.S. mainly exports labor intensive goods. d. Most U.S. exports are produced in high-wage industries. e. A bulk of U.S. exports to developing nations comprise of perishable commodities.