If a country has net exports of $8 billion and sold $40 billion of goods and services abroad, then it has
a. $48 billion of imports and $40 billion of exports.
b. $48 billion of exports and $40 billion of imports.
c. $40 billion of imports and $32 billion of exports.
d. $40 billion of exports and $32 billion of imports.
d
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The takeover process dissipates capital, making it an inefficient market mechanism.
Answer the following statement true (T) or false (F)
Neoclassical economists believe that government policy should focus on creating a market-oriented environment that rewards________________.
a. importing b. exporting c. innovation d. production
A country with an undervalued currency
a. will have a balance of payments deficit. b. will accumulate reserves of foreign currencies. c. will suffer losses of foreign reserves. d. must intervene in the foreign exchange market to buy its own currency.
If a good is available only to those who pay for it, the good is:
A. excludable but not necessarily rival. B. excludable and rival. C. rival but not necessarily excludable. D. nonrival and nonexcludable.