Governments track the value of international transactions with ________.
A. the circular flow model
B. aggregate demand
C. the balance of trade
D. the federal deficit
Answer: C
You might also like to view...
Mr. Smith is consuming beer and wine. At his current level of consumption, the marginal utility per dollar is 30 units for beer and 20 units for wine. Mr. Smith should
A) consume twice as much beer as wine. B) consume twice as much wine as beer. C) increase his consumption of beer relative to wine. D) increase his consumption of wine relative to beer.
Refer to the diagram. Curve B is a:
A. production possibilities curve indicating constant opportunity costs.
B. production possibilities curve indicating increasing opportunity costs.
C. demand curve indicating that the quantity of consumer goods demanded increases as the price of capital falls.
D. technology frontier curve.