1. Global surpluses can likewise be meaningless to the dozens of poor nations that have overwhelming demands placed on slim foreign exchange reserves. 2. In fact, our trade surplus in Scotch is three times greater than our trade surplus in oil. 3. This financial surplus will be in the form of increased holdings of bank notes, bank deposits and shares, etc. 4. Wages go up when there are labor shortages, not when there are labor surpluses. 5. There is a surplus of workers and not enough jobs. 6. If there is any surplus, it will be divided equally. 7. If we consume more energy than we expend, the surplus is stored as fat. 8. Price and output are determined by the intersection of the supply and demand curves at C. |