This year a country loaned more to the rest of the world than it borrowed from the rest of the world. In addition, the country has invested more in the rest of the world than other countries have invested in it
The country is currently a ________ and also a ________. A) net lender; creditor nation
B) net borrower; creditor nation
C) net borrower; debtor nation
D) debtor nation; net lender
A
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Government farm subsidies in the U.S. reflect
a. the lack of urban population political clout b. the adverse market consequences that could undermine farm stability and the national economy c. the need for farmers to supply agricultural products in the world market d. the U.S. Constitution that mandates farm subsidies e. the concern that American food supply is unreliable
Refer to the diagrams that show identical marginal utility from income curves for Singer and Catalano. If an initial distribution of $15,000 to Singer and $5,000 to Catalano is altered in favor of greater equality, it may be argued that:
A. the combined total utility of the two consumers will decline because Catalano has a greater
capacity to derive utility from income than does Singer.
B. incentives to produce will be weakened and total income will decrease.
C. incentives to produce will be enhanced and total income will increase.
D. the combined total utility of the two consumers will decline because Singer has a greater
capacity to derive utility from income than does Catalano.