If a country's purchases of foreign assets exceeds foreign purchases of domestic assets, that country has
a. positive net exports and positive net capital outflows.
b. positive net exports and negative net capital outflows.
c. negative net exports and positive net capital outflows.
d. negative net exports and negative net capital outflows.
a
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The argument that foreign trade should be restricted to protect domestic employment and output is based on the idea that:
a. consumers are willing to pay higher prices for domestic goods. b. producers will not exploit reduced foreign competition by charging higher prices. c. foreign companies are more costly to deal with than domestic companies. d. sales of imports come at the expense of domestic goods and jobs.
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. 
Figure 8.6 Refer to Figure 8.6. Outdoor Equipment?s ________ are minimized at the output level where curves 1 and 3 intersect.
A. average total costs B. average variable costs C. marginal costs D. average fixed costs