A nation has a merchandise trade deficit when
a. it has a surplus in its balance of payments.
b. it has a deficit in its balance of payments.
c. the value of its imports of goods is greater than the value of its exports of goods.
d. its current account is in surplus and its capital account is in deficit.
C
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Why does the Fed attempt to achieve a low, stable rate of inflation rather than an inflation rate of 0%?
What will be an ideal response?
If the economy is represented in the graph shown and is currently at point E3, what could be said about the state of the economy?
A. There is higher unemployment than the natural rate.
B. There is lower unemployment than the natural rate.
C. The unemployment rate is just about the natural rate.
D. The unemployment rate is zero.
The net national debt is smaller than the gross national debt because
a. some debt is held by foreigners. b. some debt is held by U.S. citizens. c. some debt is held by government agencies. d. the government does not have to pay all of the debt.
Women in poor countries are more likely to experience all of the following except
A. Being paid less than men. B. Restricted property rights. C. Being prohibited from bringing a dowry to a marriage. D. Prohibitions against voting.