45. Assume that a country currently has a trade surplus. If that country experiences an expansion...
45.
Assume that a country currently has a trade surplus. If that country experiences an expansion in economic activity, what would we expect to happen to the trade surplus?
Exports tend to be lower during this time, which increases the trade surplus.
Nothing, because expansions do not impact the trade surplus.
Exports tend to be higher during this time, which decreases the trade surplus.
Imports tend to be lower during this time, which increases the trade surplus.
Imports tend to be higher during this time, which decreases the trade surplus.
46.
The euro is an unusual currency because
a euro coin turns bright pink if it is used in an illegal transaction.
euros cannot be exchanged for Mexican pesos.
euros are used by 19 countries in Europe.
it is the only other currency besides dollars that is issued solely by the United States Federal Reserve Bank.
euro coins are made of 100 percent gold.
Homework Answers
Answer: 45: Assume that a country currently has a trade surplus. If that country experiences an expansion in economic activity, we would expect to happen to the trade surplus:
Imports tend to be higher during this time, which decreases the trade surplus.
Due to expansion in economic activity the aggregate demand will increase this will lead to rise in the imports to fulfill the increased demands.
Answer: 46.The euro is an unusual currency because
Euros are used by 19 countries in Europe.
Add Answer to:
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