A country with an official settlements balance of zero and a negative current account balance is a

A) net creditor.
B) net lender.
C) net borrower.
D) net saver.
E) None of the above answers is correct because it is not possible to have an official settlements balance of zero and a negative current account balance.


C

Economics

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Which of the following countries receives the largest share of U.S. exports?

a. Mexico b. Germany c. Japan d. Canada e. United Kingdom

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An inflationary gap exists when consumers

a. are saving more than businesses are investing. b. and businesses are purchasing less than the economy is capable of producing. c. and businesses are demanding more than the economy is capable of producing. d. and businesses are demanding less than the full employment level of output.

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The availability year-round in U.S. supermarkets of produce from Central America reflects which of the following economic concepts?

a. scarcity b. productivity c. specialization d. competition

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In the diagram below, the economic rent is represented by  

A. area B. B. area A. C. areas B and C. D. areas A and B.

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