Other things the same, a country could move from having a trade surplus to having a trade deficit if either
a. saving rose or domestic investment rose.
b. saving rose or domestic investment fell.
c. saving fell or domestic investment rose.
d. saving fell or domestic investment fell.
c
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A renewable resource:
A. can be replenished naturally over time. B. is used to regenerate an old piece of capital. C. is used when adopting new technology, and replacing old capital. D. cannot be replenished naturally over time.
The difference in values between money today and money in the future is lower when the rate of interest is higher
a. True b. False Indicate whether the statement is true or false
One complication in the process of reducing inflation by creating recessions is that the price level
a. adjusts more quickly to recessionary gaps than to inflationary gaps. b. does not apply as it does in inflationary gaps. c. always rises. d. rarely falls.
The growth in the number of poor families since 1965 has resulted overwhelmingly from a growth in the number of elderly households
Indicate whether the statement is true or false