Author: Anonymous

Which of the following would NOT be considered a natural resource? 

ABC Factory, of Dallas, decides to shut down. It sells off its equipment to a local competitor. GDP will reflect this resale. 

In one of the videos on globalization, the term “globalony” was introduced. This captured the idea that: 

North Korea is the only country that is completely isolated from all other countries. They are not involved in trade with any country. 

Joe Garden is a weekend athlete and explains his injury to you. He is able to point to the area of pain, there is a small area of ecchymosis and he has a slight limp. You would stage this strain as a

A deficit in the capital account leads to a deficit in the current account. 

Which of the following are captured in the Capital Account for the USA? (check all that apply) 

Creative destruction is considered to be more problematic in the short run than in the long run. But overall, economies benefit in the long run when they transform in this way.  

Which of the following is FALSE concerning globalization?

Which of the following best describes income inequality in the USA?