For any given country, the net capital outflows to all other countries equal:
A. net exports to all other countries.
B. net capital inflows from all other countries.
C. national savings.
D. net foreign direct investment to all other countries.
A. net exports to all other countries.
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A Consumer Price Index of 120 for a certain year means that the average price of consumer items in that year was
A. 20% higher than the average price of the preceding year. B. 120% higher than the average price in the base period 1982-84. C. 20% higher than the average price in the base period 1982-84. D. about $120 per basket of consumer goods and services.
According to your textbook authors, pollution is
A) an imaginary problem invented by fanatical environmentalists. B) a major social and political concern because people disagree about rights. C) a less important problem than inefficiency. D) always increasing and never capable of being reduced.
How many Federal Reserve districts are there?
A) 1 B) 2 C) 12 D) 50
Refer to Figure 9.3. If the market is in equilibrium, total consumer and producer surplus is
A) $0. B) $4. C) $5. D) $600. E) $800.