Which statement is false?
A. Trade is the largest part of our international financial transactions.
B. Our capital account ran a surplus in 2009.
C. We have been on an international gold standard since 1933.
D. None of these statements are false.
C. We have been on an international gold standard since 1933.
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Which of the following statements is true?
A) Cost-benefit analysis does not yield the same result as optimization analysis. B) A rational economic agent is not likely to optimize. C) Cost-benefit analysis can also be used for normative economic analysis. D) The net benefit of an option that costs $50 and provides a benefit of $100 is equal to $150.
How does the production of a U.S. firm located in France affect U.S. GDP? How does the production of a French firm located in Ohio affect U.S. GDP?
What will be an ideal response?