A ________ occurs when a country's imports exceed its exports

A) budget surplus B) trade deficit C) trade surplus D) fiscal deficit

B

Economics

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Securities Taxes Congress has proposed a new tax on any transactions of securities traded on Wall Street. How would this destroy wealth?

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Use the following graph for a private closed economy (an economy with only a private sector and no international trade) to answer the next question.  In this economy, investment is

A. $50 billion. B. $150 billion. C. $100 billion. D. $200 billion.

Economics