When a country's import spending exceeds export spending, the country is experiencing a:

The U-pick berry market is perfectly competitive. Suppose that all U-pick blueberry farms have the same cost curves and all are making an economic profit. What happens as time passes? What is the long-run equilibrium outcome?

What will be an ideal response?

People hold money for transactions purposes, precautionary reasons, and asset purposes

a. True b. False Indicate whether the statement is true or false