A net borrower is a country that ________, while a net lender is a country that ________
A) borrows more than it lends; owes more to foreigners than foreigners owe to it
B) decreases its stock of outstanding foreign debt; lends more than it borrows
C) borrows more than it lends; lends more than it borrows
D) lends more than it borrows; borrows more than it lends
C
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The bank lending channel
A) emphasizes the role of interest rates in the money supply process. B) emphasizes the importance of borrowers' net worth to the decision of lenders to grant loans. C) emphasizes the behavior of bank-dependent borrowers. D) is another name for the interest rate channel.
Household production increases when there is a stronger desire to avoid taxation
a. True b. False
A second or third worker may have a higher marginal product than the first worker in certain circumstances
a. True b. False Indicate whether the statement is true or false
Explain how money solves the problem of the "double coincidence of wants."
What will be an ideal response?