If a country runs a deficit in its current account, it is because
a. exports exceed imports
b. imports exceed exports
c. net unilateral transfers are negative
d. foreign currency received from exports and transfers exceeds the foreign exchange needed to pay for imports and to make unilateral transfers
e. foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers
E
You might also like to view...
One drawback to a single currency is that
A) the exchange rate is more volatile. B) bond markets are larger and therefore harder to control. C) exporters and importers have fewer choices about how they will receive and make payments. D) individual nations cannot use monetary policy to stabilize the economy. E) foreign currency is more expensive.
If the quantity of a good exchanged increased, a. It would also increase the price if it was caused by a shift in demand
b. It would also increase the price if it was caused by a shift in supply. c. We would not know how price would change if we didn't know whether it was due a shift in demand or a shift in supply. d. Answers a. and c. would both be true.
Marginal resource cost is:
A. The increase in a firm's total cost caused by hiring one additional unit of an input B. A firm's cost of hiring one group of inputs, such as capital or labor C. The firm's demand curve for a productive resource D. Determined by the marginal physical product schedule for an input
Which curve shows the lowest average total cost at which it is possible to produce each output when the firm has time to change both its labor force and plant size?
What will be an ideal response?