________ indicates whether a country is a net borrower from or lender to the rest of the world.
A) The basic balance
B) The liquidity balance
C) The capital account
D) The current account
Question 2
MacDougall compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the
A) classical theory.
B) the Heckscher-Ohlin theory.
C) the Linder hypothesis.
D) All of the above.