A current account deficit
a. is an outflow of financial capital.
b. means the country is lending to the rest of the world.
c. is an inflow of financial capital.
d. means the rest of the world is lending the country.
c. is an inflow of financial capital.
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Pam buys only thread and fabric, and she buys the quantities that maximize her utility. Her marginal utility from a spool of thread is 30 units and her marginal utility from a yard of fabric is 60 units
If the price of a spool of thread is $4, then you are sure that the price of a yard of fabric is ________. A) $4 B) $2 C) $8 D) $12
Which of the following best describes trends in unionization and immigration in the 1920s?
a. Immigration was restricted and unions decreased b. Immigration was encouraged and unions increased c. Immigration was encouraged while the number of union members decreased d. Immigration was discouraged while the number of union members increased
If Japan is twice as good at producing cameras and three times as good at producing TV sets as the United States, Japan is said to have a comparative advantage in TV sets and the United States has a comparative advantage in cameras
a. True b. False Indicate whether the statement is true or false
All of the following are exempt from antitrust enforcement EXCEPT
A. television and radio stations. B. professional baseball. C. hospitals. D. labor unions.