A balance-of-trade surplus exists
A) if the dollar value of exports exceeds the dollar value of imports.
B) if the dollar value of imported capital exceeds the dollar value of exports.
C) only if there is relative price inflation domestically.
D) only if full employment exists domestically.
E) only when there is an excess supply of money domestically.
Correct Answer:
Verified
Q23: An import quota does which of the
Q24: When a country exports fewer goods and
Q25: Q26: A tariff can best be described as Q27: If nations trade on the basis of Q29: Suppose that labor is the only productive Q30: If nation A can produce a product Q31: If a nation has a(n)_ in the Q32: Which one of the following statements about Q33: From these figures we can conclude that
A)an
A)China
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