Which of the following is correct?
a. capital flight from the United States decreases net capital outflow
b. an increase in the government budget deficit creates no change in net capital outflow
c. if the U.S. imposes a restriction on imports, net capital outflow increases
d. None of the above is correct.
d
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Individuals who have never been the best at doing anything
A) cannot have a comparative advantage in producing any product. B) perform all tasks at a higher opportunity cost than others. C) can still have a comparative advantage in producing some product. D) must have an absolute advantage in at least ones task.
Carmelita can perform either a combination of 35 manicures and 70 pedicures or a combination of 50 manicures and 45 pedicures. If she now performs 35 manicures and 70 pedicures, what is the opportunity cost of performing an additional 15 manicures?
A) 5 pedicures B) 20 pedicures C) 25 pedicures D) 45 pedicures