For the United States, suppose the value of exported goods is greater than the value of imported goods. This implies that
A) the domestic currency will depreciate.
B) the dollar price of foreign currency will increase.
C) the country is running a deficit in its balance of trade.
D) the country is running a surplus in its balance of trade.
Answer: D
Economics
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The table above gives the demand schedule for peas. Between point C and point D, the price elasticity of demand is
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