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 $670 billion.
C. the official reserve transaction will be $170 billion.
D. the balance of trade will be -$170 billion.
Answer: D
You might also like to view...
Which of the following would not shift demand curve for union labor to the right?
a. increased demand for union-made goods b. increased labor productivity by lowering quit rates c. increased supply of products that compete with union-made products d. increased labor productivity through better labor-management relations e. appeals to consumers to buy only union-made products
A considerable amount of uncertainty is involved in making investment decisions.
Answer the following statement true (T) or false (F)
Use the following graph to answer the question below.
At a quantity of 130, marginal benefit equals ________ and marginal cost equals ________.
A. $1.60, $0.50 B. $1.60, $1.60 C. $1.00, $1.00 D. $0.50, $1.60
According to classical economists, excessive unemployment does not persist in the economy because
A. the labor demand does not change in the economy. B. the labor supply does not change in the economy. C. interest rates always change to insure equilibrium in the money market. D. wages will always adjust to ensure equilibrium in the labor market.