A balance-of-trade surplus exists
A. if the dollar value of exports exceeds the dollar value of imports.
B. if the dollar value of imported capital exceeds the dollar value of exports.
C. only if there is relative price inflation domestically.
D. only if full employment exists domestically.
A. if the dollar value of exports exceeds the dollar value of imports.
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Gross domestic product measures the ________ value of ________ goods and services produced during a ________ time period
A) inherent; market; fixed B) final; intermediate; stable C) intermediate; final; constant D) market; final; given
Externalities
A. Are the costs or benefits of market activities that "spill over" onto third parties. B. Occur because demand is hidden. C. Occur because of government failure. D. Occur because of selfish consumers.
Using Table 6.1, the inflation rate for 2002 would be 
A. 80.9% (180.9-100). B. 2.4% (((180.9-176.7)/176.7)*100 %). C. 2.2% (184.3-176.7)/(2*176.7)*100%). D. 4.2% (180.9-176.7).
Suppose Bank A holds $50,000 in deposits with other banks. In the balance sheet, this amount will be accounted as Bank A's:
A) cash equivalents. B) short-term borrowing. C) long-term investments. D) reserves.