Our balance on current account
A. has recently turned negative.
B. has been negative for years.
C. has recently turned positive.
D. has been positive for years.
B. has been negative for years.
You might also like to view...
If taxes are cut, there is
A) an increase in aggregate demand and the AD curve shifts rightward. B) a decrease in aggregate demand and the AD curve shifts leftward. C) an increase in the quantity of real GDP demanded and a movement up along the AD curve. D) a decrease in the quantity of real GDP demanded and a movement down along the AD curve. E) no change in aggregate demand, only a change in potential GDP.
Immigration of workers into the United States is often an important source of
a. increases in the demand for labor in the United States. b. decreases in the demand for labor in the United States. c. increases in the supply of labor in the United States. d. decreases in the supply of labor in the United States.
Assume the price of pizza decreases. As a result, your real income increases and you increase the quantity of pizza purchased each month. This is an example of the:
A. substitution effect. B. income effect. C. revenue effect. D. consumer price effect.
Which of the following is true about a lump-sum tariff?
A. Domestic firms' average cost curves are shifted up by the amount of the lump-sum tariff. B. Foreign firms' marginal cost curves are shifted up by the amount of the lump-sum tariff. C. Domestic firms' marginal cost curves are shifted up by the amount of the lump-sum tariff. D. Foreign firms' average cost curves are shifted up by the amount of the lump-sum tariff.