If the world supply curve is SW1,
A. there is a trade surplus of Q2 ? Q1.
B. there is a trade deficit of Q1 ? Q2.
C. there is a trade surplus of Q1 ? Q2.
D. there is a trade deficit of Q2 ? Q1.
Answer: D
You might also like to view...
The demand curve for the perfectly competitive industry normally slopes downward, unlike the perfect competitive firm. Why?
Suppose you are choosing between milk and cookies. If the opportunity cost of cookies in terms of milk increases, then the budget curve will
A. shift outward. B. rotate outward. C. rotate inward. D. shift inward.
Access the document prepared by the U.S. Census Bureau, Pollution Abatement Costs and Expenditures: 2005, available online at www.census.gov/prod/2008pubs/ma200-05.pdf.Examine the state-level data for total capital and operating abatement costs. Analyze the differences amongany subset of states, and offer a hypothesis as to why these differences might exist.
What will be an ideal response?
When the IMF requires a country to implement policy changes in order to receive a loan
A) it is called IMF conditionality. B) most countries reject the loans. C) it means that the IMF will lower that country's quota. D) the IMF must be using one of its financing facilities.