If goods imports are greater than goods exports, the nation is experiencing a:
a. negative balance on current account.
b. goods trade deficit.
c. capital account imbalance.
d. weakening of its currency.
e. growth in foreign reserves.
b
Economics
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A trade surplus occurs when
A) the value of imports is greater than the value of exports. B) government spending is less than total tax revenue. C) consumption is greater than disposable income. D) none of the above.
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Which of the following is NOT a characteristic of monopolistic competition?
A) a large number of sellers in a highly competitive market B) differentiated products C) the existence of advertising D) marginal cost pricing in the long run
Economics