If the surplus in the capital account are greater than the deficit in the current account, then

a. the current account must be positive in the long-run.
b. the current account must be negative in the long-run.
c. exports must be less than imports.
d. official reserve transactions must be negative.

D

Economics

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A) 4.00. B) 5.42. C) 2.00. D) 2.78. E) 3.00.

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Total surplus

A) is maximized under perfect competition. B) represents the gains from trade to market participants. C) treats consumer and producer surplus equally. D) All of the above.

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