Net capital outflow measures how many capital goods are:
A. exported minus how many are imported to a country.
B. imported from a country.
C. exported from a country.
D. imported to a country minus exported from a country.
Answer: D
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All centrally planned economies
A) have been political dictatorships. B) started out as market economies. C) have become mixed economies. D) began as mixed economies.
By holding so much in foreign currency reserves, China is risking
A. A default on its bonds. B. Deflation. C. Inflation. D. Recession.
Using the income approach, net interest is included because
A. households both receive and pay interest. B. households pay but do not receive interest and firms receive but do not pay interest. C. firms pay but do not receive interest and households receive but do not pay interest. D. it is income to the government but not to households nor firms.
On a downward-sloping linear demand curve, demand becomes more inelastic as price decreases.
Answer the following statement true (T) or false (F)