If a country's exports are greater than its imports, what is the country said to have?
A) a trade surplus
B) a trade deficit
C) a comparative advantage
D) an absolute advantage
Correct Answer:
Verified
Q2: In an open economy, what does the
Q3: Suppose a foreign energy company wants to
Q4: In an open economy, what does the
Q5: Which statement could be prompted by an
Q6: Which statement best describes the effects of
Q7: Peter and Wendy are co-owners of the
Q8: In the open-economy macroeconomic model, where does
Q9: Which statement best describes the effects of
Q10: What does the open-economy macroeconomic model examine?
A)
Q11: What macroeconomic measures are considered fixed in
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