A trade surplus means:
A) the country has positive net savings, which it lends abroad.
B) the country has negative net savings, which it lends abroad.
C) the country has positive net savings, which it borrows from abroad.
D) the country has negative net savings, which it borrows from abroad.
A
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Indicate whether the statement is true or false
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Which of the following is the most likely to be a fixed factor of production at a pizza restaurant?
A. The amount of pizza dough B. The amount of electricity C. The size of the seating area D. The number of waiters
Let MUc denote the marginal utility that Pablo receives from a cup of coffee, and let Pc denote the price of a cup of coffee. We typically expect that as Pablo buys more coffee:
A. MUc and Pc will both fall. B. MUc/Pc will fall. C. MUc/Pc will not change. D. MUc/Pc will rise.