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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Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia gain compared to the "without trade" numbers?
A) 0 B) 10 C) 40 D) 50
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. closed circuit TVs throughout a warehouse c. requiring a kitchen remodeling contractor to be 'bonded' d. listening in on call center conversations