Given the data in the above table, the marginal revenue curve
A) lies below the demand curve.
B) lies above the demand curve.
C) intersects the demand curve.
D) is equal to the demand curve.
A
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The value of a country's exports during a particular year was $120,000 and the value of its imports was $85,000. Which of the following is true?
A) The country ran a fiscal deficit of $205,000 during that year. B) The country ran a trade surplus of $35,000 during that year. C) The country ran a budget surplus of $205,000 during that year. D) The country ran a trade deficit of $35,000 during that year.
What have we assumed when we conclude that a real depreciation of the currency improves the current account?
A) The volume effect outweighs the value effect. B) The value effect outweighs the volume effect. C) All else equal and the volume effect outweighs the value effect. D) All else equal and the value effect outweighs the volume effect. E) All else equal and the volume effect equals the value effect.