The "invisible hand" directs economic activity through
a. advertising.
b. prices.
c. central planning.
d. government regulations.
b
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The table above shows some data for Wiland, a country whose currency is the bont. The official settlement balance, net interest income, and net transfers from abroad are zero
a) What is Wiland's imports of goods and services? b) What is Wiland's current account balance? c) What is Wiland's capital account balance? d) What is Wiland's net taxes? e) What is Wiland's private sector balance?
A key reason for low foreign direct investment in developing nations is:
a. the presence of tariff and non tariff barriers on imports. b. the fear of exploitation of domestic resources by foreign owners. c. the lack of government-operated enterprises. d. the high interest rate charged on loans. e. the fear of falling inflation rates.