Which of the following statements best describes the relationships of trade deficits, trade surpluses, international borrowing, and international lending?
a. An intimate relationship exists between a trade surplus and international borrowing and between a trade deficit and international lending.
b. An intimate relationship exists between a trade deficit and international borrowing but not between a trade surplus and international lending.
c. An intimate relationship exists between a trade surplus and international lending but not between a trade deficit and international borrowing, and between.
d. An intimate relationship exists between a trade deficit and international borrowing and between a trade surplus and international lending.
d. An intimate relationship exists between a trade deficit and international borrowing and between a trade surplus and international lendin
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If an individual moves money from currency to a demand deposit account
A) M1 decreases and M2 stays the same. B) M1 stays the same and M2 increases. C) M1 stays the same and M2 stays the same. D) M1 increases and M2 stays the same.
Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. What happens if Max's mother gives him 30 pounds of burger?
A) Max would have preferred receiving the dollar-value of the burger. B) Max is indifferent between this gift and the dollar-value of the burger. C) Max prefers this gift to the dollar-value of the burger. D) None of the above.