The position of the United States current account balance in 2009 ...

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The position of the United States current account balance in 2009 was
 
  A) lent over 6 percent of its GNP, resulting in a large current account surplus.
  B) borrowed over 9 percent of its GNP, leading to a large current account deficit.
  C) achieved a currant account balance of zero.
  D) borrowed over 10 percent of its GNP, leading to a large current account deficit.
  E) borrowed less then 5 percent of its GNP, leading to a large current account surplus.

Question 2

In the specific factors model, a 5 increase in the price of food accompanied by a 5 increase in the price of cloth will cause ________ in the welfare of labor, ________ in the welfare of the fixed factor in the production of food, and ________ in
 
  the welfare of the fixed factor in the production of cloth. A) no change; no change; no change
  B) an increase; an increase; an increase
  C) a decrease; an increase; an increase
  D) an increase; a decrease; a decrease
  E) a decrease; a decrease; a decrease

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Answer to Question 1

B

Answer to Question 2

A