If U.S. exports exceed U.S. imports and official reserves do not change, the United States
A) borrows from the rest of the world.
B) makes loans to the rest of the world.
C) borrows from the U.S. government.
D) cannot sell any capital to foreigners.
E) makes loans to the U.S. government.
B
You might also like to view...
Entrepreneurs contribute to increased average labor productivity in each of the following ways except by:
A. developing new products. B. introducing new production methods. C. assigning workers to jobs. D. implementing new technological processes.
How would the introduction of legal or technical barriers to entry affect the long-run equilibrium in a perfectly competitive market?
What will be an ideal response?
Inflation has no effect on an economy's well-being if
A) it is universally and accurately anticipated. B) relative prices are unaffected. C) the nominal rate of interest for both savers and borrowers rises by an amount just equal to the rate of inflation. D) all of these
Which one of the following is true?
a. Nike has a more inelastic demand curve than shoes b. The demand curve for gas is more elastic in the short-run than in the long-run c. Cigarettes have a more elastic demands than televisions d. Salt has a more inelastic demand than meat