The critical determinant of real GDP per capita is

Which of the following is recorded in the U.S. balance of payments account?

I. foreign investment in the United States II. U.S. investment abroad III. the U.S. government deficit or surplus A) III only B) I and II C) I and III D) I, II and III

Refer to Table 2-19. Which of the following statements is true?

A) Betty has an absolute advantage in making benches and Wilma in making statues. B) Wilma has an absolute advantage in making both products. C) Betty has an absolute advantage in making both products. D) Betty has an absolute advantage in making statues and Wilma in making benches.