A country had a net capital outflow of 300 billion euros and exports of 400 billion euros. What was the value of its imports?

Why are too few resources devoted to the creation of knowledge?

a) Profit-seeking firms tend to free-ride on the knowledge that others have developed. b) Profit-seeking firms undervalue knowledge in their pursuit of revenues. c) Profit-seeking firms tend to rely on existing employee knowledge. d) Profit-seeking firms abuse their patents.

One reason for the short-run aggregate supply curve (SRAS) is: a. a fixed CPI market basket

b. perfect knowledge of workers. c. fixed-wage contracts. d. the upward-sloping production function.