Suppose a country's net exports equal zero. Which of the following will happen if the volume of imports increases without an increase in the volume of exports?
A) The country will experience a budget surplus. B) The country will experience a budget deficit.
C) The country will experience a trade surplus. D) The country will experience a trade deficit.
D
Economics
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One of the major functions of financial markets is to help people reduce risk. Describe two financial methods people can use to reduce their exposure to risk
What will be an ideal response?
Economics
Dan has a car valued at $10,000 that gives him a utility of 50 units. There is a 10 percent chance that he will have an accident that will make his car worthless, in which case his utility will be zero
His utility from a wealth of $7,000 is 45 units. The maximum amount Dan will be willing to pay for car insurance is A) $1,000. B) $3,000. C) $7,000. D) zero.
Economics