A country has a trade deficit. Its
a. net capital outflow must be positive, and saving is larger than investment.
b. net capital outflow must be positive and saving is smaller than investment.
c. net capital outflow must be negative and saving is larger than investment.
d. net capital outflow must be negative and saving is smaller than investment.
d
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Assumptions about expected national and international macroeconomic variables should play a prominent role in three major business financial documents, which are the:
a. Income statement, balance of payments, and cash flow statement b. Income statement, balance sheet, and credit report c. Income statement, balance sheet, and foreign direct investment report d. Income statement, balance sheet, and cash flow statement e. Gross national product, inflation, and balance of payments
An advantage of using the midpoint method to calculate the price elasticity of demand is that it uses the metric system
a. True b. False Indicate whether the statement is true or false