Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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true false

Transcribed Image Text:Question 1
According to Say's Law, the act of producing output generates sufficient income to ensure all output
is purchased.
True
False
Question 2
A country that is a net lender has a positive value for net foreign investment, but a negative value for
net exports.
True
O False
Question 3
If a deficit-financed increase in government spending leads to an increase in the international value
of the dollar, net exports will likely decrease.
W
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