The BP curve is upward sloping if assets are perfectly substitutable

Indicate whether the statement is true or false

FALSE

Economics

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Assumptions in models tend to make

A) the model predict what the scientist wants the results to be. B) the model more realistic. C) the model more applicable to specific circumstances. D) the model always predict the future accurately.

Economics

If imports are $4 billion and net exports are $4 billion, what must be the value of exports?

A. $0 billion B. $8 billion C. $4 billion D. $2 billion

Economics