For the United States, suppose the value of exported goods is greater than the value of imported goods. This implies that
A) the domestic currency will depreciate.
B) the dollar price of foreign currency will increase.
C) the country is running a deficit in its balance of trade.
D) the country is running a surplus in its balance of trade.
D
Economics
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All of the following are listed in the text as being keys to economic development EXCEPT
A) a system of property rights. B) an open economy. C) an educated population. D) a higher level of protectionism.
Economics
When government expenditures exceed revenues there is a government budget deficit.
a. true b. false
Economics