Under a gold standard, a country with a trade deficit should expect
A. gold to flow out of the country to other countries.
B. gold to flow into the country from other countries.
C. the value of its currency to appreciate.
D. the value of its currency to depreciate.
A. gold to flow out of the country to other countries.
You might also like to view...
The above table gives data for the nation of Sueland. What is the value of net exports?
A) $43 billion B) $234 billion C) -$43 billion D) $511 billion
Suppose Lauren, Leslie and Lydia all purchase bulletin boards for their rooms for $15 each. Lauren's willingness to pay was $35, Leslie's willingness to pay was $25, and Lydia's willingness to pay was $30 . Total consumer surplus for these three would be
a. $15. b. $30. c. $45. d. $90.
Which of the following is vertical?
a. both the long-run Phillips curve and the long-run aggregate supply curve b. neither the long-run Phillips curve nor the long-run aggregate supply curve c. the long-run Phillips curve, but not the long-run aggregate supply curve d. the long-run Phillips curve, but not the long-run aggregate supply curve
A straight-line production possibilities curve takes this shape because
A. resources are better suited for producing one output than another. B. resources are fixed. C. the opportunity cost of producing more of a good is decreasing. D. the opportunity cost of producing a good is constant.