An expansionary monetary policy will
A. increase imports.
B. decrease exports.
C. increase a current account deficit.
D. decrease a capital account surplus.
Answer: D
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Economic growth means people produce
A) money. B) material things. C) whatever people value. D) only durable and high-quality goods.
Jim Smith runs a company that sells encyclopedia sets for $200 each. When he employs 5 workers, they can sell 20 sets per week, while only 17 sets are sold when 4 workers are employed. If the wage of workers in this skill category is $500 per week, should the fifth worker be hired?
a. No, because the MRP of the fifth worker is less than $500 per week. b. No, because the MRP of the fifth worker is more than $500 per week. c. Yes, because the MRP of the fifth worker is less than $500 per week. d. Yes, because the MRP of the fifth worker is more than $500 per week.
Opportunity cost is the highest possible price you can receive when you sell an object
a. True b. False Indicate whether the statement is true or false
If Darby values a soccer ball at $50, and she pays $40 for it, her consumer surplus is $90
a. True b. False Indicate whether the statement is true or false