A current account surplus is defined as
A) exports less imports.
B) government spending plus net exports.
C) net exports less net factor payments made domestically.
D) net exports plus net factor payments from abroad.
E) imports less exports.
Correct Answer:
Verified
Q11: Terms of trade is defined as
A) the
Q12: If Q13: The steeper the PPF, Q14: Which of the following pairs of terms Q15: In an open,two-good economy in a two-good Q17: Small open economy models are used to Q18: In a two-good economy,competitive equilibrium is Q19: The net effect on welfare from eliminating Q20: Comparative advantage is determined by the Q21: For Canada,the net effect in the terms
A) the more of
A) minus
A) slope
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