Which of the following situations would cause the statistical discrepancy to be $20 billion?
a. a current account balance of $380 billion and a financial account balance of $360 billion
b. a current account balance of negative $400 billion and a financial account balance of $380 billion
c. a current account balance of $100 billion and a financial account balance of negative $80 billion
d. a current account balance of negative $50 billion and a financial account balance of $70 billion
b. a current account balance of negative $400 billion and a financial account balance of $380 billion
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Both Mergatroid and the Geebocks produce only gizmos and widgets. It is possible for Mergatroid to have
A) an absolute and a comparative advantage in both products. B) an absolute but not a comparative advantage in both products. C) a comparative but not an absolute advantage in both products. D) neither a comparative nor an absolute advantage in both products.
If prices rise on average in the U.S. economy, the purchasing power of a dollar declines
Indicate whether the statement is true or false