When there is a current account deficit, it is likely that
A) exports exceed imports for the country.
B) the country is an exporter of capital.
C) the financial account has a surplus.
D) the country has a budget surplus.
Answer: C
Economics
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The age-earning cycle shows declining income as a person approaches retirement age because
A) worker productivity is increasing rapidly. B) worker and hours worked diminish. C) companies choose to promote these workers faster. D) companies add-in Social Security payments as a supplement.
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The cross-price elasticity between movie tickets and video rentals is positive
a. True b. False Indicate whether the statement is true or false
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