Which of the following is true when a country is experiencing a trade surplus (NX > 0)?
A) Demand for domestic goods is equal to the domestic demand for goods.
B) Demand for domestic goods is greater than the domestic demand for goods.
C) Demand for domestic goods is less than the domestic demand for goods.
D) A budget surplus exists.
B
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As the interest rate falls,
a. the quantity of money demanded falls, which would reduce a shortage. b. the quantity of money demanded falls, which would reduce a surplus. c. the quantity of money demanded rises, which would reduce a shortage. d. the quantity of money demanded rises, which would reduce a surplus.
Each of the following would be an example of technological change, EXCEPT
A. increases in output due to increases in capital. B. improvements in the qualities of resources. C. improved knowledge about how to combine resources. D. the introduction of totally new production processes.