A country has a trade deficit when
A. its exports equal its imports.
B. government spending is greater than tax receipts.
C. its exports exceed its imports.
D. its exports are less than its imports.
Answer: D
You might also like to view...
If, when the price falls, total revenue increases, demand is
A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic. E) None of the above answers is correct because total revenue always decreases when the price of the good falls.
Which of the following is the best example of the "traditional process"?
A) commercial bank mergers B) minimum age limits for the purchase of alcoholic beverages C) auctioning U.S. Treasury bills D) colleges and universities give admissions preferences to children of alumni
A defendant believes there is a 70 percent chance that the plaintiff will win $800,000 and a 30 percent chance that the plaintiff will lose and be awarded nothing (zero). The plaintiff believes that there is a 90 percent chance that they will win $800,000 and a 10 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $300,000 and the defendant's litigation
cost is $200,000. What is the defendant's expected loss from the litigation? A) $550,000 B) $660,000 C) $420,000 D) $760,000
The Coase Theorem states that there is a single unique way to assign property rights if the private sector is to achieve environmental efficiency
a. True b. False Indicate whether the statement is true or false