Which of the following is/are true? 1. In the classical model of the ifR small open economy, net exports is equal to exports minus imports. Il. In the classical model of the LR small open economy, when net capital outflow is positive, the domestic economy is a net borrower. Select one: A. Only | is true. O B. Only ll is true. C. Both of the above are true. O D. None of the above is true