A nation whose value of imports exceeds its value of exports is said to have:
A) hyperinflation.
B) a trade deficit.
C) price stability.
D) a trade surplus.
Correct Answer:
Verified
Q105: Which statement is TRUE about inflation and
Q106: The trade balance is the difference between
Q107: With inflation:
A) overall prices are increasing, although
Q108: Inflation:
A) raises the cost of making purchases.
B)
Q109: If a country sells more goods and
Q111: Fiscal policy entails changes in the quantity
Q112: Deflation:
A) raises the cost of making purchases.
B)
Q113: An open economy:
A) trades only with its
Q114: Monetary and fiscal policy are tools to
Q115: An open economy:
A) trades goods and services
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