According to Fishlow's (1972) work, the U.S. railroads before the Civil War were typically built "ahead of demand" by private capital

If net exports are equal to net foreign investment,

A) the current account balance is equal to the negative of the financial account balance. B) the balance of payments is zero. C) net capital inflows are equal to imports minus exports. D) All of the above are true when net exports are equal to net foreign investment.

One of the more unique aspects of NAFTA compared with other preferential trade arrangements is the fact that the NAFTA countries have

A) similar cultures. B) fixed exchange rates. C) common borders. D) very different standards of living.