The difference between the exports and imports of goods in a country is referred to as the
A. balance of payments.
B. exchange rate.
C. balance of trade.
D. balance of power.
Answer: C
You might also like to view...
Keynes’ great book offered the promise of ending depressions through
A. investors reacting to lower interest rates. B. consumers taking over the ownership of factories. C. government nationalizing key industries. D. government influencing aggregate demand.
Suppose that land is specific to agriculture, capital is specific to manufacturing, and labor is mobile between sectors. According to the specificfactors model, if this country begins importing manufactured goods, which factor will experience the highest unemployment?
a. Labor b. Capital c. Land d. No factors will experience unemployment.
The 19th Amendment:
A. establishes the right to bear arms. B. guaranteed women the right to vote. C. outlawed slavery. D. made sales of alcohol illegal.
In the United Kingdom, regulation of the financial system is concentrated in two agencies. They are:
A. The Financial Conduct Authority and the Bank of England. B. The Financial Conduct Authority and English Banking Authority. C. The Bank of England and the U.K. Treasury. D. The Federal Deposit Insurance Conglomerate and the Bank of England.