Author Question: The position of the United States current account balance in 2009 was A) lent over 6 percent of ... (Read 81 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?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

For a complete list of videos, visit our video library