If a country's imports are greater than its exports, a country has a trade deficit.
Answer the following statement true (T) or false (F)
True
You might also like to view...
One problem that might occur as a result of economic regulation is
A) the firm may be earning more than a normal rate of return on investment. B) the quality of service might be lowered. C) that social regulation may follow. D) the demand for the good may be greater than the supply.
Which of the following would most likely exhibit the highest price elasticity of demand?
A) gasoline B) one particular brand of toothpaste C) motor oil D) salt
If the quantity of money demanded exceeds the quantity supplied:
A. the supply-of-money curve will shift to the left. B. the demand-for-money curve will shift to the right. C. the interest rate will rise. D. the interest rate will fall.
The international trade effect states that a(n) ________ in the price level will ________ net exports
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; not affect