If Japan has a current account surplus, then it must:
a. have an offsetting capital account deficit. b. also have a surplus in its capital account.
c. import more goods than it exports. d. have a positive balance of payments.
a
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Refer to the figure above. What is the quantity effect of a price reduction from $6 to $4?
A) $600 B) $800 C) $1,000 D) $1,200
When students arrive late to class and disrupt their classmates
A. a negative externality can arise. B. a positive externality can arise. C. a public good (education) becomes rivalrous. D. a public good (education) becomes nonrivalrous.
Given the graph shown, the quantity that would be associated with the price of $1 in a supply table would be:
A. 3. B. 2. C. 1. D. 0.
A rightward shift of long-run aggregate supply without any change in aggregate demand
A. will leave real GDP unchanged. B. increases the price level without any change in real GDP. C. results in a lower price level. D. increases the price level along with an increase in real GDP.