What balance of payment account records foreign investment between countries?
What will be an ideal response?
The capital account records foreign investment between countries. The U.S. capital account equals foreign investment in the United States minus U.S. investment abroad.
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Use the Cobb-Douglas production function to show that a one-unit increase in the labor input will reduce the marginal product of labor and increase the marginal product of capital. Explain each of these results
What will be an ideal response?
The stimulus policy drew immediate criticism,
What will be an ideal response?
Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA). Johnny's cumulative GPA will fall even further next semester if he performs worse than (i) his cumulative GPA. (ii) he ever performed before. (iii) he did last semester
a. (i) and (ii) only b. (i) and (iii) only c. (ii) and (iii) only d. (i), (ii), and (iii)
The relative poverty line defines poverty:
A. as the price of basic food, clothing, shelter and utilities, and adjusts for geographic differences in the cost of living. B. based on the expenditure on food relative to total income. C. in relation to the income of the rest of the population. D. None of these is true.