The level of saving in Japan has historically been high relative to the level of domestic investment. Based on this information, we would expect that
A) Japan's net exports have been relatively high.
B) Japan's capital inflows are positive.
C) Japan's private saving is greater than its public saving.
D) Japan's net foreign investment has been relatively low.
A
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Which of the following statements is true of world GDP before 1800?
A) The entire world population was living above the subsistence level of income. B) The GDP per capita in all nations was less than $500. C) Most of the countries were growing at a rate of more than 6% per year. D) Increase in GDP resulted in increase in consumption but not investment.
Conflicts of interest is a type of ________ problem that occurs when a person or institution has multiple objectives that are in conflict with each other
A) moral hazard B) adverse selection C) risk sharing D) spinning