Use the following table to answer the next question.Current AccountFinancial AccountCapital Account-$753,438 $30,696This country has a ________.
A. deficit in the financial account
B. trade surplus
C. surplus in the financial account
D. deficit in the capital account
Answer: C
You might also like to view...
A search good is a product
A) with qualities that consumers lack the expertise to assess without assistance. B) that emphasizes the features of its product. C) with characteristics that enable an individual to evaluate the product's quality in advance of a purchase. D) that an individual must consume before the quality can be established.
If there are only two firms in an industry, the value of the Herfindahl index must be 5,000
a. True b. False
What is the relationship between federal deficits and debt?
a. Deficits are the difference between revenue and spending in one year. b. Deficits are the accumulation of past debt. c. Debt is the difference between revenue and spending in one year. d. Debt is the accumulation of past deficits.
Refer to the accompanying figure. For Jeff, the consumption of movies reflects the law of:
A. total utility maximization. B. marginal utility maximization. C. demand. D. diminishing marginal utility.