The value of a country's imports cannot exceed the value of its exports
a. True
b. False
B
You might also like to view...
When the economy is at an above full-employment equilibrium, ________
A) nominal GDP exceeds real GDP B) an inflationary gap exists C) a recessionary gap exists D) real GDP is less than potential GDP
Natural monopolies are firms that
a. have a downward-sloping long-run average cost curve over the entire range of market demand b. have an upward-sloping long-run average cost curve over the entire range of market demand c. are protected against the entry of new firms by patents, licenses, or other legal restrictions d. control a nonreproducible resource that is critical to production e. have been created over time by the mergers of many smaller firms
In what sense is it meaningful to say that fighting poverty is a public good?
The two functions that are critical to the key role that commercial banks play in stabilizing the economy are accepting deposits and making loans
Indicate whether the statement is true or false