Borrowing from other nations is necessary to finance
A. a foreign trade surplus.
B. more exports than imports.
C. a surplus in the current account.
D. more imports than exports.
Answer: D
You might also like to view...
When the marginal and average products of labor are equal to each other, the
A) average product must be at its maximum value. B) marginal product must be at its maximum value. C) total product must be at its maximum value. D) None of the above answers is correct
The above figure shows the situations of a monopolistic competitor in the short run. To maximize profits, the firm should produce
A) 10,000 units. B) 12,000 units. C) 13,000 unit. D) somewhere between 10,000 and 12,000 units.
Which of the following backs our money supply?
a. The words "This note is legal tender." b. The faith in the government c. The faith that people will take it in exchange for goods and services d. Precious metals
If the Fed buys government securities from depository institutions, the effect will be to
A. reduce loans and reduce the money supply. B. reduce loans and increase the money supply. C. increase loans and reduce the money supply. D. increase loans and increase the money supply.