A country has a trade surplus when
A. its exports equal its imports.
B. its government spending exceeds its tax revenues.
C. its exports are less than its imports.
D. its exports exceed its imports.
Answer: D
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Which of the following is not in the index of leading economic indicators?
A) Average workweek B) Initial unemployment claims C) Building permits D) Producer price index
Which kind of good might not be bought when prices rise?
(A) Substitute (B) Inferior good (C) Complement (D) Luxury
If a large number of people are classified as being out of the labor force when they are really looking for work, this will lead to an official unemployment rate that is lower than the true unemployment rate.
Answer the following statement true (T) or false (F)
As people's income rises, they wish to
A. hold less money for transactions. B. spend less. C. hold more money for transactions. D. invest only in stocks.