Which statement is false?
A. Foreigners own a much greater percentage of the assets in the U.S. then they did in the early 1980s.
B. Americans have assets of over $1 trillion in foreign countries.
C. The dollar value of assets held by Americans in foreign countries has been declining since 1985.
D. None of these statements are false.
C. The dollar value of assets held by Americans in foreign countries has been declining since 1985.
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If society can produce more of one good but must forgo some of another good to do so, it is definitely achieving
A) both production and allocative efficiency. B) only production efficiency. C) only allocative efficiency. D) neither production nor allocative efficiency. E) None of the above answers is correct because when society must forgo another good to produce more of one good, then society might be production efficient or it might be allocatively efficient.
Which fundamental economic question is most closely related to the issues of income distribution and poverty?
a. The What to Produce question. b. The Why to Produce question. c. The How to Produce question. d. The For Whom to Produce question.