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Author Question: Current account is given by the equation: A) CA = IM - EX (measured in terms of domestic output). ... (Read 31 times)

karen

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on: Jun 30, 2018
Current account is given by the equation:
 
  A) CA = IM - EX (measured in terms of domestic output).
  B) CA = IM - EX (measured in terms of foreign output).
  C) CA = EX - IM (measured in terms of domestic output).
  D) CA = EX - IM (measured in terms of foreign output).
  E) CA = EX + IM (measured in terms of domestic output).

Question 2

Refer to the production possibility graph above. Assume that the economy is in equilibrium at point e. If there is an increase in the wage rate, the new equilibrium is most likely to be
 
  A) point e.
  B) point d.
  C) point f.
  D) point h.
  E) point b.


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Animal_Goddess

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


karen

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Reply #2 on: Jun 30, 2018
Correct answers!


Animal_Goddess

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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