Suppose exports are greater than imports. Given this information, we know with certainty that
A) a trade surplus exists.
B) GNP > GDP.
C) GNP < GDP.
D) the change in business inventories is positive.
A
Economics
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When economists study the behavior of sellers, they are studying:
A) supply. B) the role of government. C) demand. D) accounting.
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Oligopolies would like to act like a
a. duopoly, but self-interest often drives them closer to the competitive outcome. b. competitive firm, but self-interest often drives them closer to the duopoly outcome. c. monopoly, but self-interest often drives them closer to the duopoly outcome. d. monopoly, but self-interest often drives them closer to the competitive outcome.
Economics