With positive net exports, a nation is a net ________, and thus has a ________ "net foreign investment."
A) seller of assets to foreigners, positive
B) seller of assets to foreigners, negative
C) buyer of foreign assets, positive
D) buyer of foreign assets, negative
C
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If the price of the output produced by a perfectly competitive firm increases, then:
a. the marginal-cost curve will shift up. b. the demand curve faced by the firm will shift to the left. c. marginal cost will fall as output declines. d. the marginal-revenue curve for the firm will shift up. e. the marginal-cost curve for the firm will shift down.
Consider the game tree in Figure 12.8. If both stores' payoffs in the bottom rectangle were $250 instead of $300, the outcome of the game will be that:
A. both stores choose to advertise. B. both stores choose not to advertise. C. Store A chooses to advertise but Store B chooses not to advertise. D. Store B chooses to advertise but Store A chooses not to advertise.