In 2007, Japan reported that its overseas assets totaled more than $4.6 trillion. This implies that Japan
A) is debtor nation.
B) has a current account deficit.
C) has a capital account deficit.
D) is a creditor nation.
D
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In defining the ____ from the railroad industry, economic historians measure the extra real GNP that can be attributed to this innovation
a. profits b. social savings c. wage income d. balance of trade
If two or more firms collude to fix prices, this would be outlawed by the:
a. Federal Trade Commission Act. b. Clayton Act. c. Robinson-Patman Act. d. Sherman Antitrust Act.
If the annual returns from an asset increase, the present value of the asset will
a. not be affected b. decrease c. increase d. increase only if there is also an increase in the rate of interest e. decrease only if there is also an increase in the rate of interest
Mixster Concrete Company is considering buying a new cement truck. The owners and their accountants decide that this is the profitable thing to do. Before they can buy the truck, the interest rate and price of trucks change. In which case do these changes both make them less likely to buy the truck?
a. Interest rates rise and truck prices rise. b. Interest rates fall and truck prices rise. c. Interest rates rise and truck prices fall. d. Interest rates fall and truck prices fall.