Suppose a country's net exports equal zero. Which of the following will happen if the volume of imports increases without an increase in the volume of exports?
A) The country will experience a budget surplus. B) The country will experience a budget deficit.
C) The country will experience a trade surplus. D) The country will experience a trade deficit.
D
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The total willingness to pay for public restrooms in a city is given in the table below:
Number of Restrooms Total willingness to pay 1 $208,000 2 $199,000 3 $150,000 4 $85,000 If the marginal cost of building a public restroom is $208,000, how many restrooms will be built? A) 1 B) 2 C) 3 D) 4
University tuitions are normally set at market clearing levels, which is why closed enrollment announcements are necessary
Indicate whether the statement is true or false
At what price would Juan and the other producers supply the largest quantity of coffee?
a. $2 per pound
b. $3 per pound
c. $4 per pound
d. $5 per pound
During the Financial Crisis of 2007-2008, Goldman Sachs, Morgan Stanley, and other financial firms with heavy exposure to the mortgage-related problems rushed to become bank holding companies in order to:
A. Follow the order of the U.S. Treasury B. Obtain bail-out money from Congress C. Get massive loans from the Fed D. Acquire funds from the general public