When the U.S. has a current account surplus, we know that it is also
A) running a balanced trade account.
B) lending to the rest of the world.
C) borrowing from the rest of the world.
D) suffering from negative investment income.
E) none of the above
B
Economics
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Which statement is true?
A. There was a great deal of stagflation in the 1960s. B. We had full employment for most of the 1980s. C. We have had twelve recessions since the beginning of 1945. D. None of the choices are true.
Economics
In order to minimize the cost of producing a given level of output, a firm manager should use more inputs when:
A. that input's price falls. B. that input's price rises. C. the prices of other inputs fall. D. that input's price remains the same.
Economics