Author Question: When the U.S. current account has a deficit, international payments from the United States ________ ... (Read 88 times)

lbcchick · **on:** Jun 29, 2018

When the U.S. current account has a deficit, international payments from the United States ________ U.S. international receipts.

To cover the current account deficit, there must be a ________ in the combined capital and financial account and official settlements account.
A) equal; surplus
B) are less than; deficit
C) exceed; surplus
D) are less than; surplus
E) exceed; deficit

Question 2

In the above figure, a(n) ________ would be set ________.

A) effective minimum wage; above 6.00.
B) union wage; above 9.00 but would not affect the natural rate of unemployment.
C) efficiency wage; below 9.00
D) efficiency wage; above 6.00.
E) efficiency wage; above 9.00 and would increase the natural rate of unemployment