When a country exports fewer goods and services than it imports, this is called
A. the terms of trade.
B. the exchange rate.
C. a balance of trade deficit.
D. a balance of trade surplus.
C. a balance of trade deficit.
You might also like to view...
Which of the following is false about gold as money?
A. It is acceptable to traders. B. It is durable. C. The money supply would be easy to control because of the predictability of new gold discoveries. D. It has value other than money.
The Sherman Antitrust Act of 1890
a. immediately reduced the number of trusts and the incidence of anticompetitive behavior b. established the Antitrust Division of the Department of Justice c. did not apply to farmers d. was not fully enforced at first e. prohibited price discrimination
Which of the following statements is true about hidden unemployment?
a. Some people have only temporary jobs and are looking for permanent employment and are counted as employed, although they are not employed in the way they need to be. b. Some people have only part time jobs and are looking for full-time employment and are counted as unemployed because they are not employed in the way they need to be. c. Discouraged workers, those who have stopped looking for employment, are counted as unemployed. d. Underemployed individuals, who are trained for one type of work but are working in a lower paying job or one that does not utilize their skills, are counted as unemployed.
If the marginal cost curve is below the average variable cost curve, then
A) average variable cost is increasing. B) average variable cost is decreasing. C) marginal cost must be decreasing. D) average variable cost could either be increasing or decreasing.