If there is a decrease in taxes on business firms in a small open economy, it causes the current account to ________ and the equilibrium amount of saving to ________

A) fall; fall
B) rise; remain unchanged
C) fall; remain unchanged
D) rise; fall

C

Economics

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A graph of the value of one variable against the value of another variable is known as a

A) two-dimensional graph. B) three-dimensional graph. C) time-series graph. D) scatter diagram. E) two-variable graph.

Economics

Assuming that clothing is a normal good, an increase in consumer income, other things being equal, would:

a. increase the demand for clothing. b. decrease the demand for clothing. c. increase the quantity of clothing demanded. d. decrease the quantity of clothing demanded

Economics