If the rates of return in a particular country appear to be relatively low, then that country will tend to attract funds from abroad
a. True
b. False
Indicate whether the statement is true or false
False
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All of the following conditions, except one, will necessarily be satisfied when a perfectly competitive firm is in short-run equilibrium. Which condition is the exception?
a. marginal revenue equals average total cost b. marginal cost crosses marginal revenue from below c. marginal revenue equals price d. price equals marginal revenue e. profit is maximized or loss is minimized
How would an increase in the price of paper influence the market for college textbooks?
a. The supply of textbooks would increase causing the price of textbooks to fall. b. The supply of textbooks would increase causing the price of textbooks to rise. c. The supply of textbooks would decrease causing the price of textbooks to fall. d. The supply of textbooks would decrease causing the price of textbooks to rise.