In Equilibrium in the Above Private Open Economy

question 62

Multiple Choice

In equilibrium in the above private open economy:

• A)imports exceed exports.
• B)net exports are a positive amount.
• C)a balance of payments surplus exists.
• D)exports exceed imports.

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Definitions:

Financial Goal

A specific monetary target to save, invest, or spend money within a definite period, guiding financial planning and decision-making.

Corporation

is a legal entity that is separate and distinct from its owners, providing them with limited liability, and it has the ability to enter into contracts, loan and borrow money, sue and be sued, and pay taxes.

Financial Assets

Economic resources or ownerships that are convertible into cash or will generate cash in the future, such as stocks or bonds.

Capital

In finance, it refers to the financial assets or resources that individuals or enterprises use for investing, producing goods, or services.