If net exports is 100 and the private sector balance is 150, then the government sector balance is

In China prior to 1990, most residential buildings were dilapidated because:

a. people were not aware of maintenance and beautification techniques. b. the government did not encourage wastage of resources for such purposes. c. no one had a property right to a home. d. all the properties were inherited. e. the people had private property rights so they did not have an incentive to repair the houses.

If the credit markets were segmented:

a. It would be relatively easy to arbitrage securities of different maturities, because discrepancies in real and nominal interest rates would be so obvious. b. Persistent differences between real and nominal interest rates could continue for extended periods of time. c. The yield curve would be upward-sloping. d. The yield curve would be downward sloping. e. Potential, arbitrageable differences between the yields on securities of different maturities could continue for extended periods of time.