Although Financial Capital Is Relatively Mobile as an Input, It

question 54

True/False

Although financial capital is relatively mobile as an input, it is subject to a "home bias" in which people prefer to invest within their own country.

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Definitions:

Technological Innovations

The implementation of new technologies or the novel application of existing technologies to create new products, processes, or services.

Smoot-Hawley

Refers to the Smoot-Hawley Tariff Act of 1930, a legislation passed in the United States that imposed high tariffs on imported goods to protect American businesses and farmers, which is widely considered to have exacerbated the Great Depression.

Federal Tax Revenue

The income collected by the federal government through various types of taxes to fund national programs and services.