Which of the following means that the country is a net borrower from abroad?
a. current account surplus
b. current account deficit
c. trade surplus
d. trade deficit
b. current account deficit
You might also like to view...
With regard to the national debt, to whom does the federal government owe money?
a. Taxpayers. b. Federal government workers. c. The Federal Reserve System. d. Investors who buy U.S. Treasury bills, bonds, and notes.
Which of the following statements is true about the Marxist's argument in favor of an egalitarian income distribution? a. Aside from the very rich, people are disposed toward income equality. b. Private property originates from theft and it is this property that creates unequal distribution of income
c. Government (welfare) and private charity doesn't work. d. Human beings are imperfect, and it is the unequal distribution of income that reflects this imperfection. e. Although income equality does not support the most efficient use of economy's resources, it's worth it anyway.
An increase in the demand for chicken is predicted to ________ the real wage and ________ employment of unskilled workers in a poultry processing plant.
A. increase; increase B. decrease; decrease C. increase; not change D. increase; decrease
. An employer that only employs applicants who have college degrees is an example of
A. proofing. B. moral hazard. C. screening. D. mandating that information be shared.