In a Small Open Economy, If Domestic Saving Equals $50

question 110

Multiple Choice

In a small open economy, if domestic saving equals $50 billion and domestic investment equals $50 billion, then there is ______ and net capital outflow equals ______.

• A) a trade deficit; $100 billion
• B) balanced trade; $0
• C) a trade surplus; $100 billion
• D) balanced trade; $100 billion

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Definitions:

Task-Focused Problem Solvers

Individuals or teams that prioritize tasks and goals above other considerations when addressing and resolving issues.

Special Software

Custom or niche software applications designed to meet specific needs, tasks, or user groups, often used in specialized industries or functions.

Human Network

Refers to the complex web of social connections, interactions, and relationships that individuals form with each other.

Self-Managing Work Teams

Self-managing work teams are groups of employees tasked with managing themselves and their work process, including planning, scheduling, and executing tasks without direct supervision.