In an open economy national saving equals domestic investment plus net capital outflow
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In the determination of production of goods or services with respect to GDP, transfer payments are included
Indicate whether the statement is true or false
An important insight of international trade theory is that when two countries engage in voluntary trade
A) one country always benefits at the expense of the other. B) it is almost always beneficial to both countries. C) it only benefits the low wage country. D) it only benefits the high wage country. E) it is almost never beneficial to both countries.
A relaxation of U.S. immigration laws and regulations would
a. further reduce wages in poorer countries b. turn some permanent resource differentials into temporary ones c. increase the demand for labor in the United States d. turn some temporary resource differentials into permanent ones e. increase the supply of labor in poorer countries
The labor force consists of
A) the number of people who unemployed and who are actively seeking work. B) the number of people who are employed. C) the number of people who are employed minus the number of the people who are unemployed. D) all people in the population aged 16 and over who are not in jail, a hospital, or an institution or in the U.S. Armed Forces. E) the number of people in the working-age population who are employed or unemployed.