Author Question: Over the past decade, the United States has had a current account deficit and capital account ... (Read 140 times)

cabate · **on:** Jun 29, 2018

Over the past decade, the United States has had a current account deficit and capital account deficit.

Indicate whether the statement is true or false

Question 2

The ________ effect means that, other things remaining the same, the higher the wage rate, the less time people will spend working and the more time people will spend at leisure.

A) price
B) labor
C) income
D) substitution