English mercantilism recognized the law of comparative advantage, thus permitting individuals to specialize in producing those goods and services which they could produce at relatively low opportunity costs and trading those items for those which

The Bureau of Economic Analysis reported that business investment in the second quarter of 2012 was $1,483 billion, $97 billion less than in 2008. An increase in business investment ________.

Fill in the blank(s) with the appropriate word(s).

When there is political instability in another country, the United States can expect

A. a decrease in the balance of payments due to a decrease in official reserve transactions. B. an increase in the financial account balance due to the movement of assets to the U.S. C. an increase in the financial account balance due to an increase in the current account. D. a decrease in the balance of payments due to a decrease in the demand for goods and services.