When net capital flows are negative
A) net foreign investment is negative. B) capital inflows are less than capital outflows.
C) capital outflows are less than capital inflows. D) A and B are both correct.
B
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Under oligopoly, firms' pricing policies are ________ and, under monopolistic competition, they are ________
A) interdependent; independent B) independent; interdependent C) cooperative; uncooperative D) uncooperative; cooperative E) profit maximizing; revenue maximizing
If the United States follows an expansionary monetary policy relative to Japan and Germany, which of the following is not likely to occur?
A) U.S. interest rates will rise relative to Japan and Germany B) a larger U.S. capital account deficit C) a depreciation of the dollar D) lower level of U.S. income