The international investment position of the United States is negative. This means that
A) the U.S. current account balance is positive.
B) foreigners own more U.S. assets than domestic residents own foreign assets.
C) foreigners own fewer U.S. assets than domestic residents own foreign assets.
D) the U.S. current account balance is negative.
B
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An export good is a good produced
A) in the United States and sold in other countries. B) in the United States and sold to foreigners living in the United States. C) in another country and purchased by U.S. residents. D) by foreigners in the United States and purchased by U.S. households. E) in another country and purchased by foreigners not residing in the United States.
The economic incentive for third-degree price discrimination is based upon ________.
A. differences among sellers' costs B. a desire to evade antitrust legislation C. prejudices of business managers D. differences among buyers' elasticities of demand