The net decline in a country's stock of international reserves over a year is called a(n):
A. trade deficit.
B. trade surplus.
C. balance-of-payments surplus.
D. balance-of-payments deficit.
Answer: D
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The table above gives data for the nation of Syldavia. The official settlements account has a
A) $40 billion surplus. B) balance of $380 billion. C) $30 billion deficit. D) zero balance. E) $40 billion deficit.
Collectivization costs involve ensuring that all parties live up to promises made during bargaining
Indicate whether the statement is true or false
The prices in an economy fell by 1.12 percent during a given financial year. The real GDP of the economy in that year was $4.67 trillion. The value of the GDP deflator of the economy in that year was equal to _____
a. 104.67 b. 95.33 c. 101.12 d. 98.88
Which of the following models results in the greatest deadweight loss assuming a fixed number of firms with identical costs and a given demand curve?
A) Cournot B) Stackelberg C) Monopoly D) Perfect competition