International equilibrium occurs if the quantity of imports demanded by one country is equal to the quantity of exports supplied by the other country
a. True
b. False
Indicate whether the statement is true or false
True
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Describe the effect of the 2008-2009 global financial crisis on the Swiss franc and the central bank's efforts to respond to the resulting problems
What will be an ideal response?
Which of the following events must cause equilibrium price to rise?
a. demand increases and supply decreases b. demand and supply both decrease c. demand decreases and supply increases d. demand and supply both increase
When did the European Union become a common market?
What will be an ideal response?
Refer to the graph shown.
We would expect that if the two countries trade with each other (and neither trades with the rest of the world):
A. Norstrilia will export both goods to Graustark, which will have a permanent trade deficit. B. Norstrilia will export agricultural goods and Graustark will export manufactured goods. C. Norstrilia will export manufactured goods and Graustark will export agricultural goods. D. Graustark will export both goods to Norstrilia, which will have a permanent trade deficit.