Author Question: If a country's exports are worth 5 billion and its imports are worth 3.9 billion, the country ... (Read 93 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
If a country's exports are worth 5 billion and its imports are worth 3.9 billion, the country experiences a ________.
 
  A) trade surplus B) budget deficit C) trade deficit D) budget surplus

Question 2

The identity stating that the total amount spent on final output equals the amount received for final output is known as the
 
  A) equation of exchange. B) circular flow identity.
  C) identity equation. D) fundamental law of economics.



dyrone

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library