If net interest and net transfers are zero, and a country's exports exceed its imports, the country definitely has ________
A) a current account surplus
B) a current account deficit
C) a capital and financial account surplus
D) an official settlements account surplus
A
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Which of the following is excludable but not rivalrous in consumption?
a. Cable television b. Non congested toll roads c. Near empty gold courses. d. All of the above.
The figure above shows Tanya's consumption possibilities when the price of a restaurant meal is $20. If the price of a restaurant meal falls to $10 and Tanya buys 12 movie tickets, how many restaurant meals can she buy?
A) 2 B) 3 C) 4 D) 5
When the demand for grapes decreases and the supply of grapes increases at the same time, we can predict that the: a. price of grapes will fall
b. price of grapes will rise. c. quantity of grapes exchanged will fall. d. quantity of grapes exchanged will rise.
Refer to the given data. The domestic opportunity cost of producing 1 ton of steel in Omega is:
A. ½ ton of wheat.
B. 2 tons of wheat.
C. 3 tons of wheat.
D. 5 tons of wheat.