A surplus in a country's trade balance means that:
a. its net exports exceed transfer payments.
b. the country's currency is over-valued.
c. the value of its net exports is positive.
d. imports into the country exceed exports.
e. domestic savings exceeds domestic investment.
c
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People learn to hold a specific quantity of money for the groceries, theater tickets, gasoline, clothes, film, and other items they habitually purchase. This behavior is representative of the:
a. precautionary demand. b. speculative demand. c. transactions demand. d. volatility demand. e. liquidity demand.
Aggregate demand will shift outward when there is/are
a. a decrease in government spending b. a decrease in incomes abroad c. a tax increase d. consumers deciding to buy more goods and services, even if prices remain unchanged e. the expectation that future income will fall