Macroeconomics
What can a trade surplus indicate about a country's economy?
What is a trade deficit?
Which of the following best describes an open economy?
Which of the following statements best evaluates the implications of a trade deficit?
Under what condition does a trade surplus occur?
Why might a trade deficit not necessarily indicate a weak economy?
What is the principle of comparative advantage?
How does a trade deficit relate to savings and investment in an economy?
How does comparative advantage affect international trade?
What is the effect of building new infrastructure on future economic output?
