An economy with a trade deficit must also have:
A. positive net capital outflows.
B. a budget surplus.
C. positive net capital inflows.
D. a trade deficit.
Answer: C
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A time-series graph displays the price of gold. The slope of the line is negative for periods when the
A) price of gold is low and not changing. B) price of gold is rising. C) quantity of gold is falling. D) price of gold fluctuates. E) price of gold is falling.
Suppose a tax has been imposed in the graph shown. Which kind of tax is most likely demonstrated by this graph?
A. A tax on sellers
B. A tax on buyers
C. A tax on big corporations
D. A price ceiling
In which of the following ways, banks began in Italy and England?
a. Monarchs were the first bankers, lending out cash at zero interest to help the poor learn a craft and develop themselves intellectually. b. Churches were the first bankers, lending out cash to help the poor learn a craft and develop independence. c. Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money. d. Fishermen were the first bankers, and the paper receipts they issued for the fish they stored in the holds of their ships became valued as money.
Refer to the data provided in Table 11.2 below to answer the following question(s). Table 11.2 
Refer to Table 11.2. When the interest rate ________, the farmer will engage in no investment.
A. is less than 5% B. is greater than 15% C. is greater than 5% D. is less than 15%