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Author Question: In a country with a trade deficit, a. there will be high unemployment and lower wages. b. there ... (Read 64 times)

ARLKQ

  • Hero Member
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  • Posts: 571
on: Sep 4, 2018
In a country with a trade deficit,
 
  a. there will be high unemployment and lower wages.
  b. there will be higher prices.
  c. the value of its currency will increase.
  d. there will be more choice in consumer goods.

Question 2

When the trade balance is zero,
 
  a. it means that no foreign countries wish to purchase your exports.
  b. your country is exporting more than it is importing.
  c. the economy is importing exactly as much as it exports.
  d. countries that owe you money for your exports still need to pay up.


steff9894

  • Sr. Member
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Reply #1 on: Sep 4, 2018
Answer to Question 1

a

Answer to Question 2

c


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