A favorable balance of trade occurs when the
a. value of exports equals the value of imports
b. balance of payments is balanced
c. current and capital accounts in the balance of payments are equal
d. value of exports exceeds the value of imports
e. value of exports is less than the value of imports
D
You might also like to view...
The right to own or control a resource is called a ________
Fill in the blank(s) with correct word
Chuck Stake never eats vegetables, although he can afford to buy them. According to the economic way of thinking, Chuck
A) must have a serious physiological aversion to vegetables. B) was probably forced to eat them as a kid, and now hates them. C) believes the additional benefits from eating vegetables are outweighed by the additional costs. D) has studied economics enough to know that nobody needs to eat their vegetables.
If a first-past-the-post vote was taken by the school board on which project gets funded and the voters' preferences are shown in the table, which project is most likely to win?
A. Computer lab
B. Library
C. Gym
D. It will result in a three-way tie.
Coins in the hands of the public are
A. included in M1, but not in M2. B. included in both M1 and in M2. C. included in M2, but not in M1. D. excluded from M1 and M2 because people can exchange them for Federal Reserve notes.