A country's trade is balanced when
A. its net exports are greater than zero.
B. its government expenditures are equal to its tax revenues.
C. its imports exceeds its exports.
D. its net exports equal to zero.
Answer: D
You might also like to view...
The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. Unplanned inventory changes are zero when real GDP equals
A) $300 billion. B) $500 billion. C) $900 billion. D) $700 billion. E) $800 billion.
Suppose Joe can prepare 20 sandwiches or 10 pizzas in an hour and Beth can produce 36 sandwiches or 27 pizzas. The concept of comparative advantage concludes that
A) Beth should produce both goods because she can produce more of both goods in an hour than can Joe. B) Beth should produce sandwiches and Joe should produce pizza. C) Beth should produce pizza and Joe should produce sandwiches. D) Beth should produce both goods and Joe should produce sandwiches.
When the exponents of a Cobb-Douglas production function sum to more than 1, the function exhibits
A) constant returns. B) increasing returns. C) decreasing returns. D) either increasing or decreasing returns.
Foreign households and institutions hold approximately ________ percent of the U.S. national debt.
A. 45 B. 33 C. 8 D. 50