A Chinese person reads The China Financial Times and notes that the exchange rate, dollars per yuan, is 9 . An American reading The Wall Street Journal sees the same rate expressed in yuans per dollar and it is

An increase in government budget deficits will necessarily be associated with an worsening of the current account balance

Indicate whether the statement is true or false

The return to any factor of production that is in fixed supply is

A. producer surplus. B. factor surplus. C. pure profit. D. pure rent.