When a country runs a trade surplus, it will:
A. borrow from foreign countries or sell assets to them.
B. borrow from foreign countries or buy assets from them.
C. lend to foreign countries or buy assets from them.
D. lend to foreign countries or sell assets to them.
Answer: C
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In financial markets, buyers are people who:
A. want to spend money on something of value right now, but don't have cash on hand. B. have cash on hand and are willing to let others use it, for a price. C. want to spend money on something of big value in the future, but don't know how to save for it. D. have cash promised to them at some future date.
Comment on the following statement: "As the market wage rises, the firm is likely to hireless labor."
What will be an ideal response?
Which statement is consistent with what Keynes believed about consumption and disposable income?
A) Consumption depends upon disposable income and falls as disposable income rises. B) Consumption rises by the same amount as disposable income rises. C) Consumption rises by less than disposable income rises. D) Disposable income depends upon consumption.
What is the domestic exchange equation of Portugal?
