Suppose That the Economy Is in Equilibrium with a Trade

question 95

Multiple Choice

Suppose that the economy is in equilibrium with a trade deficit and that saving is greater 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 deficit

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Definitions:

Paralegal

A person trained in legal matters who performs tasks requiring some knowledge of the law and legal procedures, working under the supervision of a lawyer.

Practice of Law

The application of legal knowledge and techniques by a qualified legal practitioner to solve specific problems or to advance a legal cause.

Complaint

A formal legal document filed in court that initiates a lawsuit, stating the facts and legal claims against the defendant.

Jurisdiction

The authorized capacity to enact legal verdicts and rulings.