A trade balance where exports exceed imports is called:
A) trade surplus.
B) trade deficit.
C) budget deficit.
D) none of the above.
A
Economics
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A worker is hired in a
A) goods and services market. B) government market. C) product market. D) factor market.
Economics
Suppose a consumer spends his income on CDs and DVDs. If his income decreases, the budget constraint for CDs and DVDs will
a. shift outward, parallel to the original budget constraint. b. shift inward, parallel to the original budget constraint. c. rotate outward along the CD axis because he can afford more CDs. d. rotate outward along the DVD axis because he can afford more DVDs.
Economics