when the level of income _________ there will be a tendency for the trade balance to improve as imports?

Related Mcqs:

In a macroeconomic model without foreign trade or a government aggregate demand is the sum of ?

A. personal saving and private investment B. personal saving and personal consumption C. personal consumption and private investment D. None of the above...

A linear consumption function with a positive slope less than one means that if income increases consumption will ?

A. fall B. not change C. fluctuate D. increase...

The index used most often to measure inflation is the?

A. wholesale price index (WPI) B. GDP deflator C. Producer price index (PPI) D. consumer price index...

Total withdrawals from the circular flow of income include ?

A. consumption savings and taxes B. savings government expenditure and imports C. savings taxes and exports D. savings taxes and imports...

For given government spending and taxation the government budget deficit will grow in _________ and decline in __________?

A. booms, booms B. recession, recession C. booms, recessions D. recessions, booms...