A country has a balance of payments deficit if
A) Export revenue is greater than import spending
B) Export revenue equals import spending
C) Export revenue is less than import spending
D) Export revenue is greater than income
Correct Answer:
Verified
Q2: What do the terms of trade measure?
A)
Q3: What does the balance of payments measure?
A)
Q4: What is likely to happen if the
Q5: What does the J curve show?
A) It
Q6: When does free trade occur?
A) It occurs
Q7: When there is a balance of payments
Q8: In a floating exchange rate the government
Q9: A reduction in government spending is an
Q10: Tariffs and quotas are used to improve
Q11: The value of a country's exports measures
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