If the nation's investment opportunities are highly attractive relative to those available abroad, the nation will tend to
a. experience an outflow of capital and a trade deficit.
b. experience an outflow of capital and a trade surplus.
c. experience an inflow of capital and a trade deficit.
d. experience an inflow of capital and a trade surplus.
C
Economics
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The price of leisure
A) is the same for everyone. B) depends on the number of hours worked. C) is measured as foregone earnings. D) is immeasurable.
Economics
In order to make oil profits as large as possible, OPEC meets to set oil production quotas for its members. OPEC is best classified as a:
a. monopoly. b. cartel. c. kinked demand industry. d. price-leadership industry.
Economics