Which of the following statements is true?
a. Foreigners owned $16.30 in U.S. assets
b. U.S. residents owned $13.8 trillion in foreign assets
c. U.S. residents owned $2.5 trillion more assets in the United States than foreigners owned abroad
d. Foreign purchases of assets in the U.S. subtract from America's productive capacity
e. Income from foreign-owned assets in the U.S. flows to Americans
B
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Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. Most chocolate companies use already processed chocolate to craft their sweets
But Rogue buys raw cocoa beans, and roasts and grinds them until they're in a liquid state and then runs the chocolate through a big squat machine with rollers. Which statement is TRUE for Rogue? A) Raw cocoa beans are a variable factor of production and the machine is a fixed factor of production. B) Both processed chocolate and raw cocoa beans are variable factors of production. C) Processed chocolate is a variable factor of production and the machine is a fixed factor of production. D) Processed chocolate and raw cocoa beans are variable factors of production and the machine is a fixed factor of production.
The opportunity cost of going to the movies is always the same for everyone
a. True b. False Indicate whether the statement is true or false