Over the last 50 years, as a percentage of GDP, the current account deficit has been
A. fixed at zero.
B. trending smaller.
C. trending larger.
D. roughly constant.
Answer: C
You might also like to view...
Refer to Figure 19-12. The graph above depicts supply and demand for U.S. dollars during a trading day, where the quantity is millions of dollars. In order to support a fixed exchange rate of 0.30 pounds per dollar, the U.S. central bank must
A) sell 0.4 million dollars per trading day. B) buy 0.8 million dollars per trading day. C) sell 0.8 million dollars per trading day. D) buy 0.4 million dollars per trading day.
If the price elasticity of demand is 0.6, then a 10 percent increase in the price of the good will lead to a ________ in the quantity demanded.
A. 0.6 percent decrease B. 6 percent decrease C. 6 percent increase D. 0.6 percent increase
Which of the following is true under monopoly?
A. P = MR B. P > ATC C. P > MC D. P = ATC
Which of the following companies was broken up by the government?
A. Standard Oil B. Office Depot C. Wonder Bread D. Southwest Airlines