Suppose That the Economy Is in Equilibrium with a Trade

question 128

Multiple Choice

Suppose that the economy is in equilibrium with a trade surplus and with saving less than investment.According to the circular flow model,the government's budget

• A)must be in deficit
• B)must be in surplus
• C)must be balanced
• D)could be in a surplus or a deficit
• E)could be in balance or a surplus

---

Definitions:

Formal Letter Format

A structured way of writing a letter for professional or official communication, adhering to specific guidelines.

PAIBOC Analysis

PAIBOC Analysis is a methodology used in business communication and writing to evaluate the Purpose, Audience, Information, Benefits, Objections, and Context of a message or document.

Interview

A formal conversation between two or more parties where questions are asked to obtain information.

Interviewee

The person being interviewed or questioned, often for a job position or research gathering information.