Author Question: Over its history, Brazil has borrowed more from the rest of the world than it has loaned to the rest ... (Read 87 times)

Davideckstein7 · **on:** Jun 29, 2018

Over its history, Brazil has borrowed more from the rest of the world than it has loaned to the rest of the world. Brazil

A) eventually will have a balance of payments account that does not balance.
B) is a debtor nation.
C) is a creditor nation.
D) has no current account balance.

Question 2

When a sales tax is imposed on sellers, the supply curve shifts so that the vertical distance between the old and the new supply curve equals the

A) sales tax multiplied by the price elasticity of demand.
B) sales tax multiplied by the price elasticity of supply.
C) amount of the sales tax.
D) sales tax divided by the price elasticity of demand.