If a country is exporting more goods and services than it is importing, we should consider this to be "beneficial" only in the sense that it
A) increases the standard of living through a larger national income.
B) means that an economy is earning more than it is spending.
C) represents an accumulation of assets for the domestic economy that can be used in the future to finance consumption.
D) allows a country to add to its foreign- exchange reserves above the level needed to cope with fluctuations in private payments.
E) is a necessary condition to enable a country to take full advantage of scale economies.
Correct Answer:
Verified
Q32: The diagram below shows the domestic demand
Q33: The diagram below shows the domestic demand
Q34: The diagram below shows the domestic demand
Q35: The diagram below shows the domestic demand
Q36: The table below shows the prices in
Q38: Canadian governments (provincial and federal)currently provide enormous
Q39: Any policy designed to benefit domestic industries
Q40: The table below shows the prices in
Q41: A business which contends that it needs
Q42: A tariff is
A)a tax imposed on domestically
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