An unfavorable balance of trade occurs when:
a. exports equal imports.
b. the balance of payments balances.
c. the current and capital account in the BOP are equal.
d. the value of the exports of goods exceeds the value of the imports of goods.
e. the value of the exports of goods is less than the value of the imports of goods .
Question 2
The marginal propensity to consume (MPC) is computed as the change in consumption divided by the change in:
a. GDP.
b. disposable personal income.
c. saving.
d. none of these.
U.S. oil imports
Gas exchange occurs at the alveolar capillary membrane.
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