If a country had a trade surplus of $50 billion and then its exports rose by $30 billion and its imports rose by $20 billion, its net exports would now be
a. $0 billion.
b. $20 billion.
c. $40 billion.
d. $60 billion.
d
You might also like to view...
Game theory is not useful in understanding perfect competition because in a perfectly competitive market:
A. there are too many firms to be able to model their behavior accurately using game theory. B. no single firm can influence the market price, so firms' decisions are not interdependent. C. the payoffs to firms' choices are unknown. D. each firm only cares about its own profit, so there is no interdependence.
If MR a. increase production
b. decrease production
c. keep the prices constant
d. keep the production level constant
The wages paid to the workers in a leather processing plant are: a. considered the total cost of the plant
b. considered a fixed cost of the plant. c. considered a variable cost of the plant. d. considered a marginal cost of the plant.
A tax of $1 on sellers always increases the equilibrium price by $1
a. True b. False Indicate whether the statement is true or false