The trade of an economy is said to be balanced if:
a. the monetary value of exports is greater than the monetary value of imports.
b. the monetary value of exports is equal to the monetary value of imports
c. the physical volume of exports is equal to the physical volume of imports.
d. the physical volume of exports is greater than the physical volume of imports.
b
Economics
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Which of the following decreases aggregate demand?
A) The government increases taxes on both business and personal income. B) Foreign incomes rise. C) The quantity of money in the economy increases. D) Households believe that the economy is headed for good times, with higher future incomes.
Economics
Refer to Figure 13-7. Which of the following is the area that represents the profit or loss experienced by the firm?
A) a loss represented by the rectangle P2uvP1 B) a loss represented by the rectangle P2uwP0 C) an accounting profit equal to P1vwP0 D) a loss represented by the rectangle P1vwP0
Economics