When a nation imports a good, its ________ surplus increases and its ________ surplus increases
A) consumer; producer
B) consumer; consumer
C) producer; producer
D) producer; total
E) total; consumer
E
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Explain the differences between using the monetary base versus federal funds rate as the monetary policy instrument. Which does the Fed use as its instrument?
What will be an ideal response?
Leaders that use group ideas to make decisions
a. autocratic b. laissez-faire c. democratic d. trait
As a result of the action of automatic stabilizers,
A. the government budget changes offset changes in national income. B. the government has had decreasing budget deficits over time. C. taxes and government spending rise when the economy enters a recession. D. taxes and government spending fall when the economy enters a recession.
Rents can be derived from any factor used in production
Indicate whether the statement is true or false