If a country has a large deficit in its current account
A) it has a large surplus in its financial account.
B) it exports more than it imports.
C) it is a net creditor to the rest of the world.
D) None of the above are necessarily true.
A
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Property rights can be defined and enforced
a. only by the government b. only by ethical norms c. by the government and by ethical norms d. only through constant renegotiation e. by government, by informal social actions, and by ethical norms
The term outsourcing is used to describe work done for a company by individuals working for another company in a different country
Indicate whether the statement is true or false
The primary purpose of the statement of cash flows is to provide information
A. about a company's investing and financing activities during an accounting period. B. regarding a company's financial position at the end of an accounting period. C. about a company's cash receipts and cash payments during an accounting period. D. regarding the results of operations for a period of time.
Exhibit 2-12 Production possibilities curve
In Exhibit 2-12, suppose an economy with the given production possibilities curve is currently located at point A in the figure. Which of the following statements is false?
A. This economy could produce more of both capital and consumption goods. B. This economy is experiencing full employment. C. This economy could produce more capital goods while holding fixed the number of consumption goods produced. D. This economy could produce more consumption goods while holding fixed the number of capital goods produced.