When a country's export spending exceeds import spending, the country is experiencing a:
A) trade deficit.
B) trade surplus.
C) budget deficit.
D) none of the above.
B
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Because of scarcity, every economic decision involves
A. a trade-off. B. a free good. C. a trade-in. D. an increasing cost. E. a money payment.
Assuming all excess reserves are loaned out, if the reserve ratio is 3.33 percent, the money multiplier will be equal to
A) 0.67. B) 3.33. C) 6.67. D) 30.
A the beginning of 2012, you pay $100 for a share of stock that then pays you a dividend of $1 at the beginning of 2013. If the stock price rises from $100 to $109 per share over the year, then you have earned an annual rate of return of
A) 5 percent. B) 1 percent. C) 9 percent. D) 4 percent. E) 10 percent.
Industrial production, total sales, nonfarm employment, and after-tax household income are examples of ________ indicators of economic activity.
A. preceding B. lagged C. real D. coincident