Author Question: Identify the correct statement. a. As domestic income rises, imports rise and net exports fall. b. ... (Read 68 times)

javeds · **on:** Jun 30, 2018

Identify the correct statement.
a. As domestic income rises, imports rise and net exports fall.
b. As foreign income rises, net exports fall.
c. As domestic income falls, imports rise and net exports fall.
d. As domestic income rises, imports fall and net exports rise.
e. As foreign income falls, net exports rise.

Question 2

From an economists' perspective, which of the following observations is not true?
a. Self-interest is purely monetary in nature.
b. Self-interest can include benevolence.
c. Self-interest is a good predictor of human behavior in most situations.
d. Self-interest is not the same as selfishness.