Which Statement Is False

question 9

Multiple Choice

Which statement is false?

• A)Foreigners own a much greater percentage of the assets in the U.S.then they did in the early 1980s.
• B)Americans have assets of over $1 trillion in foreign countries.
• C)The dollar value of assets held by Americans in foreign countries has been declining since 1985.
• D)None of the statements is false.

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Definitions:

Profit-Maximizing

The process by which a firm determines the price and output level that returns the greatest profit.

Purely Competitive

Refers to a market structure where many firms sell identical products, allowing no single firm to influence the market price.

Marginal Resource Cost

The extra cost associated with utilizing one additional unit of a resource in the production process.

Daily Wage

A pay rate based on the amount of work completed in a single day, typically used for manual or labor-intensive jobs.