When a country exports more goods and services than it imports, this is called
A. a balance of trade deficit.
B. a balance of trade surplus.
C. a positive terms of trade.
D. a negative terms of trade.
B. a balance of trade surplus.
Economics
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Which of the following is a negative effect of economic growth?
A) higher inflation B) environmental pollution C) higher unemployment D) all of the above
Economics
"Economics is the study of how people eliminate scarcity." Do you agree or disagree? Why?
What will be an ideal response?
Economics
Which of the following is sometimes used as a synonym to describe a bond?
a. Stock b. Fixed-income security c. Capital asset d. Retained earning e. Depreciation
Economics
If revenues exceed ________, profit is ________.
A. variable cost; negative B. fixed cost; positive C. total cost; negative D. total cost; positive
Economics