Most countries historically run a trade surplus or deficit that is less than 5% of GDP.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. Most countries historically run a trade surplus or deficit that is less than 5% of GDP.
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When the government increases the level of official reserves by $50 million, the change is recorded in the
A) capital and financial account. B) current account. C) official settlements account. D) official reserves account. E) foreign currency account.
The widespread decline in the volatility of many macroeconomic variables after 1984 led economists to term this period the
A) Great Moderation. B) Low Volatility Era. C) Steady State. D) Long Boom.
The absolute value of the slope of an indifference curve equals the ratio of the marginal utilities of the two goods involved
What will be an ideal response?
A landlord requiring potential tenants to provide a rental history is an example of:
A. screening. B. signaling. C. statistical discrimination. D. building a reputation.