A trade surplus occurs when a country's exports exceed that country's imports
Indicate whether the statement is true or false
TRUE
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If there is an advancement in the technology used to produce a product, what is the likely effect it may have on the supply?
A) The company would not change its manufacturing. B) It would increase the supply. C) It would decrease the supply. D) More people would be needed to produce the product.
In a natural monopoly, throughout the range of market demand
A) marginal cost is above average total cost and pulls average total cost upward. B) marginal cost is below average total cost and pulls average total cost downward. C) there are diseconomies of scale. D) average total cost is above marginal cost and pulls marginal cost upward.
The immediate effect of a member bank's sale of U.S. government securities to the Fed is a(n):
a. increase in that bank's required reserves. b. decrease in that bank's required reserves. c. increase in that bank's excess reserves. d. decrease in that bank's excess reserves. e. decrease in the Fed's assets.
Superhighways, public housing facilities, and defense projects are all ways that the President can:
a. close a recessionary gap b. close an inflationary gap c. combat inflation d. raise unemployment e. reverse the paradox of thrift