In a two-period model, holding everything else constant, an increase in current taxes
A) unambiguously increases the current account surplus.
B) unambiguously decreases the current account surplus.
C) has an uncertain effect on the current account surplus.
D) has no effect on the current account surplus, as long as Ricardian equivalence holds.
D
Economics
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If a country is currently lending more to the rest of the world than it is borrowing from the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
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The amount of additional satisfaction derived from an additional unit of a good or service is called: a. total utility
b. marginal cost. c. total cost. d. marginal utility.
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