The difference between exports and imports of goods is the
A. balance of trade.
B. balance of paying.
C. balance of payments.
D. balance of accounts.
Answer: A
Economics
You might also like to view...
Refer to Figure 10-1. When the price of hoagies increases from $5.00 to $5.75, quantity demanded decreases from Q1 to Q0. This change in quantity demanded is due to
A) the fact that marginal willingness to pay falls. B) the law of diminishing marginal utility. C) the income and substitution effects. D) the price and output effects.
Economics
The demand for money will fall for each of the following reasons, except
A) more ATMs. B) higher real GDP. C) lower interest rates on transactions accounts at banks. D) more risky banks.
Economics