In 2012 the United States had a current account deficit. The current account deficit implies that the United States
A) had a surplus on legal consulting and engineering services.
B) produced more output than it consumed.
C) consumed more output than it produced.
D) none of the above
Correct Answer:
Verified
Q21: The factors of production are
A)land, labor, capital,
Q22: The difference between Foreign Direct Investment and
Q23: The "J-curve effect" shows
A)the initial deterioration and
Q24: With regard to the capital account
A)the capital
Q27: In the short run a currency depreciation
Q28: What is the correct label for the
Q29: When a country's currency depreciates against the
Q30: A currency depreciation will begin to improve
Q31: A country that gives foreign aid to
Q32: Invisible trade refers to
A)services that avoid tax
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