A country's nonofficial financial account balance equals its net foreign investment.
Answer the following statement true (T) or false (F)
False
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If the initial distribution of labor and capital is Pareto optimal, which of the following statements is TRUE?
A) It is possible to reallocate labor and capital across industries so as to increase the production of one good without decreasing the production of another good. B) It is possible to reallocate labor and capital across industries so as to increase the production of one good, but only by reducing the production of another good. C) It is possible to reallocate labor and capital across industries so as to increase the production of every good. D) none of the above
In the above figure, along which range would total revenue rise by lowering prices?
A) between point a and point b B) between point c and point d C) between point d and point e D) below point e
A worker association that bargains with employers over wages and working conditions is called
a. a strike. b. an oligopoly. c. a firm. d. a union.
In China
A) wages are beginning to rise, reducing its comparative advantage. B) there is little advantage from scale economies. C) the middle class is not expanding. D) poor coastal areas limit trade.