The balance of payments ____________
a. is always zero
b. is always one
c. is positive when the nation has a trade surplus
d. is negative when the nation has a trade deficit
e. is positive when the nation has a trade deficit
A
Economics
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Over half of government spending is discretionary spending
Indicate whether the statement is true or false
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The law of demand in the foreign exchange market refers to the relationship between the
A) exchange rate and the quantity of U.S. dollars demanded. B) interest rate and the exchange rate. C) interest rate and the quantity of U.S. dollars demanded. D) U.S. price level and the exchange rate.
Economics