A balance of trade surplus exists when
A. net exports are negative.
B. imports exceed exports.
C. net exports are positive.
D. All of the choices are true.
C. net exports are positive.
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Technological efficiency necessarily means producing
A) at minimum cost. B) with the highest level technology available. C) without using more inputs than necessary. D) technology itself.
If the government issues new government bonds to finance a budget deficit, the supply of loanable funds will ________ and the equilibrium amount of investment will ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
The primary assets for a bank are demand deposits
Indicate whether the statement is true or false
Inflation is primarily a problem
a) because even low inflation rates severely hamper GDP growth b) for those who are heavily indebted c) when it is volatile and thus unpredictable d) because it is severely underestimated, especially when products are improving in quality e) for accounting and record-keeping, but it does not affect the actual trading of goods and services