A country imported goods and services worth $10 billion and exported goods and services worth $11.1 billion during a particular year. This implies that the country experienced a ________ during that year
A) trade surplus B) budget surplus C) budget deficit D) trade deficit
A
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International trade decreases the demand for workers in domestic industries that
A) produce goods that are exported from the country. B) produce the goods in which the nation has a comparative advantage. C) help businesses import and export. D) produce goods that also are imported into the country. E) service imported goods.
In the market for reserves, if the federal funds rate is above the interest rate paid on excess reserves, an open market purchase ________ the supply of reserves and causes the federal funds interest rate to ________, everything else held constant
A) decreases; fall B) increases; fall C) increases; rise D) decreases; rise
is caused by drops in total production.
A. Structural unemployment B. Frictional unemployment C. Seasonal unemployment D. Cyclical unemployment
As disposable income increases, consumption:
A. may either increase or decrease depending on the mpc. B. decreases. C. may either increase or decrease depending on the wealth effect. D. increases.