Economists closely follow the current account balance because they believe it can provide information on the future movement of

Trade deflection is an act that

A) decreases the amount of international trade in the world. B) increases the amount of international trade in the world. C) has no impact on the amount of international trade in the world. D) is illegal among all countries in the world.

If a price ceiling of $8 were placed in the market in the graph shown:

A. a shortage of 23 would occur. B. a shortage of 7 would occur. C. a shortage of 8 would occur. D. a shortage of 15 would occur.