An excess demand for foreign currency at current exchange rates is known as a
A. Balance-of-payments surplus.
B. Trade surplus.
C. Trade deficit.
D. Balance-of-payments deficit.
Answer: D
You might also like to view...
A recent research signified the large health benefits of eating cooked tomatoes. Holding other things constant, this will cause
a. The demand curve for tomatoes to shift to the right b. The demand curve for tomatoes to shift to the left c. The supply curve for tomatoes to shift to the right d. The supply curve for tomatoes to shift to the left
An expansionary fiscal policy will lead to
a. higher interest rates, an appreciated dollar, and reduced net exports. b. higher interest rates, an appreciated dollar, and increased net exports. c. reduced interest rates, an appreciated dollar, and reduced net exports. d. reduced interest rates, an appreciated dollar, and increased net exports.
In which of the following tax systems do taxes increase as income increases?
a. both proportional and progressive b. proportional but not progressive c. progressive but not proportional d. neither proportional nor progressive
Assets minus liabilities equal:
A. current income minus spending on current needs. B. wealth. C. saving. D. investment.