Based on Table 9.1, if the information in the table is typical of current and financial account values over a long period, then it would be reasonable to infer that
A) the net international investment position is negative.
B) the net international investment position is positive.
C) national savings are less than domestic investment.
D) government accounts are in deficit.
E) the current account balance is greater than domestic investment.
A
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In a market with information asymmetry, gains from trade occur if:
A) the value of the good to the seller is greater than its value to the buyer. B) the value of the good to the buyer is greater than its value to the seller. C) the variable cost of producing the good is zero. D) the opportunity cost of consuming the good is zero.
What is a price cap? Why might it be a more effective way of regulating monopoly than rate of return regulation?
What will be an ideal response?