If We Import More Than We Export from the Rest

question 464

Multiple Choice

If we import more than we export from the rest of the world we

• A) must borrow an equal amount from the rest of the world.
• B) can lend an equal amount to the rest of the world.
• C) are running a trade surplus.
• D) are helping to finance investment in the rest of the world.

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Definitions:

High Achievers

Individuals who consistently perform at a high level and achieve significant success in their field or activities.

Group Project

A collaborative assignment or task undertaken by a group of individuals aimed at achieving a specific goal or outcome through collective effort.

Slackers

Individuals who avoid work or exert minimal effort in their responsibilities.

Marginal Cost

Marginal cost is the cost of producing one additional unit of a good or service, which includes all variable costs associated with its production.