If GDP is more than GNP, we know with certainty that
A) a budget deficit exists.
B) a trade surplus exists.
C) a trade deficit exists.
D) none of the above
D
You might also like to view...
Rent control continues to survive despite its flaws because
A. economists generally favor it. B. landlords like its simplicity. C. it creates economic growth in a city. D. those displaced by the policy do not live in the community and cannot vote to end it.
If a decrease in the price of good A causes a decrease in demand for good B, the two goods are
A) substitutes. B) complements. C) normal. D) inferior.
Name at least four institutional structures that promote and sustain modern economic growth. What other factors also influence a nation’s capacity for economic growth?
What will be an ideal response?
The demand for goods such as telephone service and medical care tend to be
A. perfectly elastic. B. relatively elastic. C. unit elastic. D. relatively inelastic.