If the current account is in surplus and the capital account is zero, then
A) net exports must be positive.
B) the balance of payments must be in surplus.
C) the financial account must be in deficit.
D) there is a capital inflow.
C
Economics
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A nation engaging in trade according to the Ricardian model will find its consumption bundle
A) inside its production possibilities frontier. B) on its production possibilities frontier. C) outside its production possibilities frontier. D) inside its trade-partner's production possibilities frontier. E) on its trade-partner's production possibilities frontier.
Economics
The value of the output produced in an economy reflects the value of the income generated by the factors of production used to produce that output
Indicate whether the statement is true or false
Economics