If a country has a current account surplus, it also has
A) a financial account surplus.
B) an increase in its official reserve assets.
C) a balance of payments deficit.
D) an increase in its holding of net foreign assets.
D
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Many car owners and car dealers describe their different cars for sale in the local newspapers and list their asking price. Many people shopping for a used car consider the different choices listed in the paper
The market for used cars could be described as A) relatively competitive. B) perfectly competitive. C) non-competitive. D) having high transaction costs.
A change in demand means there has been a shift in the demand curve, and a change in quantity demanded
A. Results from a change in price of other goods. B. Means that price has changed and there is movement along the demand curve. C. Means a shortage or surplus will result from holding prices constant. D. Also means demand has shifted.
The law of demand implies that the demand curve
A) has a negative slope. B) has a positive slope. C) shifts to the right when the price of a good increases. D) shifts to the left when the price of a good decreases.
Differentiate between nominal and real GDP
What will be an ideal response?