In a small open economy, if exports equal $12 billion and imports equal $18 billion, then there is a trade____and _____ net capital outflow.A.deficit; positive.B.deficit; negative.C.surplus; positive.D.surplus; negative.

Which statement is true?A.When net capital outflows are positive, net exports are negative.B.In a small open economy, if exports equal $8 billion and imports equal $9 billion, than there is trade deficit and NCO is positive.C.For the LM curve, both taxes and government spending are fixed.D.In the IS-LM model, interest rate links the market for goods and services and the market for real money balances.

Assume a small open economy's domestic output (Y) is $650 million, its domestic spending is $550 million, and total imports are $150 million. Therefore, the country runs a trade ________, and total exports are ________.a.surplus; $50 millionb.surplus; $250 millionc.deficit; $50 milliond.deficit; $250 million

Which of the following refers to the situation when a country's imports exceed its exports? Question 10Answer a. Trade deficit b. Trade surplus c. Trade advantage d. Balance of payments e. Balance of trade

2. A "negative" balance of trade, or trade deficit, occurs when a country's imports are------------------------------ then its exports. More Less Equal None of the above

An economy is said to be in a trade surplus when its __________a.exports surpasses importb.import surpasses exportc.export equals importd.none of the above