A regulated monopoly facing average cost pricing rule will make the same profit as a firm in ________ market does in the long run

If the United States has a net export deficit, which of the following must be true? (Assume that the capital account is zero and net transfers are zero.)

A) Net foreign investment must be negative as well. B) Domestic private saving must be less than net foreign investment. C) Domestic public saving must be less than net foreign investment. D) The balance on the financial account must equal the balance on the current account.

If a country's net exports fall, then its net capital outflow falls by the same amount

a. True b. False Indicate whether the statement is true or false