From 1960 to about 1980 the net capital outflow of the U.S. was typically

a. small but always positive.
b. small and sometimes negative and sometimes positive.
c. large and positive.
d. large but sometimes negative and sometimes positive.

b

Economics

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How are scarcity, choice, and opportunity cost related?

What will be an ideal response?

Economics

In England the Thatcher government substituted a "poll tax" for the local property tax. People took strong exception to the tax, which is basically a head or "lump sum" tax. The principle of taxation such a tax violates is called

a. the benefits principle. b. the excess burden principle. c. the ability-to-pay principle. d. the constitutional principle.

Economics