If a nation is running a trade deficit, it is
a. spending more on public services than it is raising in tax revenues.
b. worse off as the result of its trade with foreign countries.
c. importing more goods and services than it exports.
d. encountering a balance of payments disequilibrium.
C
Economics
You might also like to view...
As the quantity of labor increases, the marginal product of labor
A) is constant. B) increases. C) decreases. D) may either increase or decrease.
Economics
The regulation of natural monopolies is common in which of the following industries?
A. Electricity B. Oil C. Tobacco D. Alcohol
Economics