A trade deficit means a net:
A. Inflow of payments for goods and services
B. Outflow of goods and services
C. Inflow of goods and services
D. Excess of exports over imports
C. Inflow of goods and services
You might also like to view...
The actual deadweight loss from monopoly in the U.S. may be greater than calculated estimates because some
a. monopolies experience strong economies of scale b. monopolists spend resources to secure and maintain their monopoly c. monopolists may purposely keep price lower than its profit-maximizing level, in order to increase barriers to entry d. monopolists' markets are contestable e. monopolists' prices and profits are regulated by the government
Banks minimize the risk of loss to depositors by: a. lending to government officials
b. making many different loans to different borrowers. c. refusing to lend money to the U.S. government. d. lending to the richest 1 percent of the population. e. making very long-term loans.