A deficit in the current account means:
a. Actually, a deficit in the current account is impossible. It must equal zero.
b. Imports of goods and services exceed exports of goods and services.
c. The sum of the financial and capital accounts is positive.
d. The sum of exports of goods and services plus net international income is negative.
e. The sum of the financial, capital, and reserve accounts is positive.
.C
Economics
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A microeconomist would most likely study the effect of a reduction in income tax rates on: a. total output in the economy
b. the output of the steel industry. c. inflation. d. unemployment.
Economics
A production indifference curve describes the input combinations that will produce a given output.
Answer the following statement true (T) or false (F)
Economics