If the United States exports $250 billion worth of goods and imports $420 billion worth of goods
A) the balance of payments will be -$170 billion.
B) the balance of trade will be -$170 billion.
C) the balance of trade will be $670 billion.
D) the official reserve transaction will be $170 billion.
Answer: B
You might also like to view...
What is a Nash equilibrium? Is this equilibrium the best outcome for the players? Give an example
What will be an ideal response?
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflagnation. C. stagnatory growth. D. inflationary stagnation.
Which of the following statements is false?
A) As a result of a quota, consumers' surplus falls. B) As a result of a tariff, producers' surplus rises. C) As a result of a tariff, consumers' surplus falls. D) As a result of a quota, producers' surplus rises. E) none of the above
One major consequence of the overconfidence effect is that:
A. Some people cannot correct a personal trait that might be causing them to fail in many ventures B. Someone could persist in pursuing a failed policy despite overwhelming evidence of the failure C. Bad decisions can be made because people will act without pausing to see whether their intuition is correct or not D. Some people may wrongly believe in their forecasting ability to predict future outcomes of risky investments