A balance-of-trade deficit exists if
A. the dollar value of exports exceeds the dollar value of imports.
B. the dollar value of imports exceeds the dollar value of exports.
C. money outflows exceed money inflows.
D. money inflows exceed money outflows.
B. the dollar value of imports exceeds the dollar value of exports.
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Which of the following is NOT normative economic statement?
A) The minimum wage should be eliminated so unemployment can be reduced. B) Increases in the minimum wage cause increases in unemployment. C) The inflation rate should fall to increase individuals' well being. D) Taxes on cigarettes should be increased to reduce smoking.
Interlocking directorates are illegal under the Clayton Act only when their effect is to lessen competition substantially
a. True b. False Indicate whether the statement is true or false
The combined effects of a fiscal contraction and a monetary expansion are
A. higher real interest rates. B. exchange rate depreciation. C. increased current account deficit. D. All of these responses are correct.
According to demographers. The "demographic transition" resulting from an increase in living standards follows a pattern of:
A. Death rates falling ahead of a decline in birth rates B. Death rates falling after birth rates fall C. Death rates rising as birth rates fall D. Death rates rising as birth rates rise