Because of the ____________, the United States and Europe are guilty of selling agricultural products at below cost or dumping the products on the market.
Fill in the blank(s) with the appropriate word(s).
agricultural subsidies
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The federal budget is decided upon by the
A) President of the United States and the United States Treasury. B) the United States Treasury alone. C) President of the United States and the United States Congress. D) President of the United States and the Federal Reserve system. E) United States Congress and the Federal Reserve System.
Keynesian economics developed in response to:
a. the Great Depression of the 1930s. b. the inflation following World War II. c. economic growth during the 1950s. d. the Vietnam War. e. the oil embargo in the 1970s.
Assuming GDP remains constant, if Country A has a deficit in its balance on goods and services, then which of the following will make it more negative?
a. Increased investment. b. Increased saving. c. Increased taxes. d. Reduced government spending. e. None of the above.
A particularly severe or protracted recession is called a(n):
A. peak. B. expansion. C. boom. D. depression.