If net exports are equal to net foreign investment,
A) the current account balance is equal to the negative of the financial account balance.
B) the balance of payments is zero.
C) net capital inflows are equal to imports minus exports.
D) All of the above are true when net exports are equal to net foreign investment.
D
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Which of the following statements is true of unemployment?
A) In periods of contraction, the unemployment rate in an economy decreases. B) The unemployment rate in most of the developed nations in the world is zero percent. C) In periods of expansion, the unemployment rate in an economy increases. D) The rate of unemployment is positive in any well-functioning economy.
If the government spends exactly what it receives in taxes during a given interval, then the result is
A) a balanced budget. B) the gross public debt. C) the net public debt. D) a government budget deficit.
When there are many buyers and sellers, no significant barriers to entry, and a differentiated product, the market structure is called
a. an oligopoly b. perfect competition c. monopolistic competition d. a monopoly e. unbalanced monopoly
The gains from expanding trade are more important to the low-income economies in the world than to the high-income economies
a. True b. False Indicate whether the statement is true or false