If a country has a capital and financial account surplus, that country's stock of international indebtedness is
A) increasing.
B) decreasing.
C) constant.
D) zero.
A
Economics
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The opportunity cost of producing a laptop is lower in Laborland than in Utopia while the opportunity cost of producing wheat is lower in Utopia than in Laborland. However, Laborland can produce more of both the goods
i) Can mutually beneficial trade take place between the two countries? Explain your answer. ii) Which country should specialize in the production of which good?
Economics
The number of people receiving Medicare is expected to grow to 74 million by the year
A) 2105. B) 2020. C) 2025. D) 2075.
Economics