A country that runs out of official reserve assets
A) cannot settle international debts.
B) is bankrupt.
C) will have a current account deficit.
D) will have a current account surplus.
A
Economics
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The data in the table above shows the relationship between the Joneses' total consumption and total household income. Based on these data, total consumption varies
A) directly with their total household income. B) independently of their total household income. C) inversely with their total household income. D) negatively with their income.
Economics
“People who make more money should pay higher taxes” is an example of
A. the benefits principle. B. horizontal equity. C. vertical efficiency. D. the ability-to-pay principle.
Economics