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

Grasp the importance of personalizing messages and including specific details to enhance the effectiveness of goodwill messages.

Learn about the structure and components of various business messages, including claims, adjustment messages, and goodwill messages.

Understand the role of business letters in conveying significant messages and the implications of an apology in business communications.

Identify effective closing techniques for business messages that leave a positive impression on the recipient.

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Definitions:

Shield Volcano

A type of volcano that has broad, gently curved slopes constructed mostly of relatively fluid basaltic lava flows.

Scoria Cone

A relatively small type of volcano that is cone shaped and mostly composed of scoria; synonymous with cinder cone.

Volcanic Dome

A dome-shaped volcanic feature, largely composed of solidified lava of felsic to intermediate composition.

Caldera

A large volcanic depression that is typically circular to elongate in shape and formed by collapse of a magma chamber.