In a balance of payments statement, the current account plus the financial account must equal the capital account

Interindustry trade is not based on comparative advantage since it consists of the export and import of similar countries and mostly between countries that have similar productivity, technology, and factor endowments

Indicate whether the statement is true or false

If a state government wants to collect the maximum tax revenue from a unit excise tax, which of the following would they tax?

A) cigarettes B) beef hamburgers C) luxury cars D) hotdogs