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Author Question: A ________ occurs when a country's exports exceed its imports. A) trade surplus B) budget surplus ... (Read 294 times)

amal

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on: Jun 30, 2018
A ________ occurs when a country's exports exceed its imports.
 
  A) trade surplus B) budget surplus C) trade deficit D) fiscal deficit

Question 2

Scarcity can best be defined as a situation in which
 
  A) there are no buyers willing to purchase what sellers have produced.
  B) there are not enough goods to satisfy all of the buyers' demand.
  C) there is more than enough money to satisfy consumers' wants.
  D) the resources we use to produce goods and services are limited.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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pocatato

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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