Author Question: The position of the United States current account balance in 2009 was A) lent over 6 percent of ... (Read 74 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
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



maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library