If net interest and net transfers are zero, and a country's exports exceed its imports, the country definitely has ________

A) a current account surplus
B) a current account deficit
C) a capital and financial account surplus
D) an official settlements account surplus

A

Economics

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Producer surplus is the ________ summed over the quantity produced

A) price of the good minus the marginal cost of producing it B) marginal benefit of the good minus its marginal cost C) marginal benefit of the good minus its price D) marginal cost of the good minus the opportunity cost of producing it E) None of the above answers is correct.

Economics

In the early 1990s, European unemployment rose largely because of

A) reductions in stock prices. B) undervalued currencies. C) overvalued currencies. D) high inflation. E) none of the above

Economics