When an American buys a factory in China, the transaction is registered a credit in the U.S. capital account.

Which region of the world experienced a decade-long crisis and stagnant or even negative growth rates during the 1980s?

A) Latin America B) East Asia C) The United States and Canada D) Europe E) The European Union

Cheap talk works at placing workers in the right job as long as

A) the interests of the worker and the firm coincide. B) all workers want the most demanding jobs regardless of their abilities. C) workers have different ability levels that are unknown to firms. D) firms are not profit maximizers.