Most of the dollars that foreigners have obtained because of our huge current account deficit
A. circulates in foreign countries.
B. are used as reserves.
C. are invested in the United States.
D. are used to pay off old debts to the United States.
C. are invested in the United States.
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The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. For firm A,
A) setting a low price is the dominant strategy. B) setting a high price is the dominant strategy. C) setting a high price when firm B sets a high price, and setting a low price when firm B sets a low price is the dominant strategy. D) setting a high price when firm B sets a low price, and setting a low price when firm B sets a high price is the dominant strategy.
If a nation imports more than it exports, then its net exports are:
A. positive. B. negative. C. zero. D. unstable.