A country who has a trade deficit:
A. sells more goods at home than it sells abroad.
B. imports less than it exports.
C. requires more trade in order to solve a budgetary deficit.
D. has a negative trade balance.
Answer: D
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Urban Outfitters wants to raise $25 million to finance the construction of a new store, and the company wishes to raise the funds through direct finance. Which of the following methods could it use?
A) It could issue $25 million in stock. B) It could borrow $25 million from a bank. C) It could sell $25 million in bonds. D) It could choose either A or C.
Which of the following is not included in gross private domestic investment spending?
A) Household spending on residential construction. B) Spending on business inventories. C) Household spending on durable goods. D) Business spending on plant and equipment.
The price of a barrel of oil doubled between 2007 and the middle of 2008. To make matters worse, a financial crisis hit the U.S. economy starting in August of 2007
Which of the following is an appropriate description of the mechanism that would have ensued? A) The increase in the price of oil would have immediately shifted the AS curve to the right. B) The financial crisis would have led to a sharp contraction in spending shifting the AD curve to the right. C) Shifts in both the AD and the AS curve would have ensued in the short-run but as long as neither shock had an impact on potential output, ultimately unemployment will have been unaffected in the long run. D) All of the above. E) None of the above.
Organizing a successful firm in a market economy has become ________ over the last century
A) legally impossible B) politically impossible C) less difficult D) more difficult