Governments may successfully intervene in competitive markets in order to achieve economic efficiency
A) at no time; competitive markets are always efficient without government intervention.
B) to increase the incidence of positive externalities.
C) in cases of positive externalities only.
D) in cases of negative externalities only.
E) in cases of both positive and negative externalities.
E
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A country had a net capital outflow of 300 billion euros and exports of 400 billion euros. What was the value of its imports?
Net foreign factor income" in the national income accounts refers to the difference between:
A. The income Americans gain from supplying resources abroad and the income that foreigners earn by supplying resources in the U.S. B. The value of products sold by Americans to other nations and the value of products bought by Americans from other nations C. The value of investments that Americans made abroad and the value of investments made by foreigners in the U.S. D. The income earned by Americans in the U.S. minus the income earned by foreigners in the U.S.