When a nation exports a good, its ________ surplus increases, and when it imports a good, its ________ surplus increases
A) total; total
B) consumer; consumer
C) producer; producer
D) producer; consumer
E) total; consumer
A
You might also like to view...
If the fluctuations in the economy’s real growth rate from year to year are caused primarily by variations in the rate at which aggregate demand increases, then data would show
A. a cyclical relationship between inflation and unemployment. B. a direct relationship between inflation and unemployment. C. an inverse relationship between inflation and unemployment. D. no relationship between inflation and unemployment.
Can the U.S. dollar and the European euro both appreciate relative to each other?
A. Yes, both countries can gain in this manner. B. Yes, provided the central banks permit it. C. No, unless there is a system of fixed exchange rates. D. No, if one currency appreciates, the other must depreciate.