A country has a current account deficit of -$100 billion. This implies that ________
A) payments to foreigners exceed payments received from foreigners
B) its exports exceed its imports by $100 billion
C) net factor payments from abroad is positive
D) net transfers from abroad is positive
A
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A firm will shut down in the short run if
A. TR ? TC > TFC. B. TR + TC > TFC. C. TC ? TR > TFC. D. TFC + TVC > TR.
Which statement(s) are most likely correct about supply?
a. A rise in price almost always leads to an increase in the quantity supplied of that good. b. A rise in price almost always leads to a decrease in the quantity supplied of that good. c. A fall in price almost always lead to an increase the quantity supplied. d. A rise in price almost always leader to an increase in the quantity demanded of that good.
Economist Douglass North's definition of institutions:
A. includes laws enforced by the government as well as cultural norms. B. is the humanly devised constraints that shape human interactions. C. is the rules of the game in a society. D. All of these statements are true.
Graphically short-run equilibrium occurs at the intersection of the aggregate demand curve and the:
A. long-run aggregate supply line. B. the aggregate expenditure line. C. short-run aggregate supply line and the long-run aggregate supply line D. short-run aggregate supply line.