When a temporary beneficial supply shock hits a small open economy, it causes the current account to ________ and investment to ________
A) fall; fall
B) rise; remain unchanged
C) fall; remain unchanged
D) rise; fall
B
Economics
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The marginal product of labor is the
A) change in total product produced by hiring an additional unit of labor. B) total revenue divided by units of labor. C) extra revenue gained by selling one more unit of output produced by hiring additional units of labor. D) extra revenue gained by employing one more unit of labor.
Economics
In the United States, the parity system and commodity support program have historically covered only three basic farm products: wheat, corn, and tobacco
Indicate whether the statement is true or false
Economics