Countries where investment is relatively
A) productive should be net exporters of currently available output.
B) unproductive should be net importers of currently available output.
C) unproductive should be net exporters of currently available output.
D) unproductive should be net exporters of future available output.
E) unproductive should focus on their internal balance.
C
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If the production possibilities frontier of one trade partner ("Country A") is bowed out (concave to the origin), then increased specialization in production by that country will
A) increase the economic welfare of both countries. B) increase the economic welfare of only Country A. C) decrease the economic welfare of Country A. D) decrease the economic welfare of Country B. E) not affect the economic welfare of either country.
Katie had a before-tax income of $40,000 and paid taxes of $6,000 . Rinji had a before-tax income of $35,000 and paid taxes of $5,250 . Based on this information, the tax system is
a. There is insufficient information to answer the question. b. progressive c. based on the benefits received d. regressive e. proportional