When goods or services cross international borders
a. countries must ship gold to make payment.
b. money must generally move in the opposite direction.
c. a future shipment must be made to offset the current purchase.
d. payment must be made in another good, using barter.
b
Economics
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X is exports, M is imports, T is net taxes, G is government expenditure, C is consumption expenditure, S is saving, and I is investment. The government sector balance is equal to
A) T - G. B) C + S + T. C) S - I. D) X - M.
Economics
One problem with the infant industry argument is that
A) the protection is typically never removed, creating a domestic monopoly. B) it fails to protect domestic industries from foreign competition. C) it must be approved by the IMF and the World Bank. D) it must be approved by the Federal Reserve Board.
Economics