If exports exceeded imports it would be called a trade __________.
Fill in the blank(s) with the appropriate word(s).
surplus
You might also like to view...
Which of the following statements apply to international banking facilities (IBFs)?
a. IBFs are subject to U.S. interest rate regulations. b. IBFs are located all over the world. c. IBFs do not require FDIC deposit insurance premiums. d. IBFs offer a higher interest rate spread than normal U.S. banks. e. IBFs allow European residents to participate in the American stock exchanges.
In a barter system people:
A. have to specialize in order to have goods to trade. B. must be self-sufficient. C. cannot specialize because they never know what goods will be desired. D. are less likely to specialize as extensively as they would in a monetary economy.
An economy suffering from high inflation despite low economic growth and high unemployment is experiencing:
A. an economic boom. B. an economic downturn. C. hyperinflation. D. stagflation.
Which of the following is a positive question?
A. Wouldn't it be better to try to increase people's wages through job-training programs rather than by requiring employers to pay minimum wages? B. Will the level of teenage unemployment increase if the minimum wage is increased? C. Should the minimum wage be set at one-half the average manufacturing wage to guarantee individuals a decent standard of living? D. Wouldn't it be more equitable if the minimum wage increased automatically with the cost of living?