A trade imbalance occurs when:
A. the quantity of imports equals the quantity of exports, but are large relative to total output.
B. a country does not import or export any goods or services.
C. exports from and imports to a country suddenly decline.
D. the quantity of a country's exports differs significantly from the quantity of imports.
Answer: D
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Linesha, a college student working part-time received a wage increase. An avid movie buff, she increased her purchases of Blu-ray discs and reduced her purchases of DVDs. Based on this information
A) DVDs and Blu-ray discs are substitutes. B) the cross-price elasticity between DVDs and Blu-ray discs is negative. C) DVDs and Blu-ray discs are normal goods. D) Blu-ray discs are normal goods and DVDs are inferior goods.
A call option is a contract
A) that gives the owner the right, but not the obligation, to buy shares of a stock at a specified price within the time limits of the contract. B) that gives the owner the right, but not the obligation, to sell shares of a stock at a specified price within the time limits of the contract. C) in which the seller agrees to provide a particular good to the buyer on a specified future date at an agreed-upon price. D) that gives the owner the right, but not the obligation, to buy or sell shares of a stock at a specified price within the time limits of the contract.
Two of the main focuses on development economics focuses on how countries can promote:
A. sound monetary and fiscal policy. B. health and fiscal policy. C. sound monetary policy and education. D. health and education.
Suppose you buy a new Tesla Model S. The battery that comes with the car is a(n)
A. final good. B. intermediate good. C. financial good. D. transfer good.