A deficit in a country's current account balance occurs whenever
A. money outflows from the country exceed its money inflows.
B. money inflows into a country exceed its money outflows.
C. its currency falls in value relative to other currencies.
D. the country is alone in maintaining a strict gold standard.
A. money outflows from the country exceed its money inflows.
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for women's clothing. Which panel best describes what happens in this market when the wages of seamstresses rise?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
(Consider This) Since World War II:
A. North Korea's command economy has significantly outperformed South Korea's market economy. B. South Korea's command economy has significantly outperformed North Korea's market economy. C. North Korea's market economy has significantly outperformed South Korea's command economy. D. South Korea's market economy has significantly outperformed North Korea's command economy.