Included in the U.S. current account is interest that U.S. residents receive on overseas assets.
Answer the following statement true (T) or false (F)
True
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Economic problems are made manageable by stripping away some of the unnecessary details.
Answer the following statement true (T) or false (F)
The story of innovation battles among firms is analogous to the story of armaments races among countries
a. True b. False Indicate whether the statement is true or false
Which of the following is a similarity between a bank loan and a bond? a. Only large business houses can raise funds from these two methods
b. Only small business houses can raise funds from these two methods. c. Funds raised from both methods have a fixed tenure for repayment. d. Interest is required to be paid on the funds raised from both bonds and bank loans.
You only need to know the amount of goods and services produced in an economy to compute real GDP
a. true b. false