Which is the most accurate statement?
A. The Japanese and Chinese bear most of the blame for our huge trade deficit.
B. Our trade deficit with China has been rising more rapidly than our trade deficit with Japan.
C. Our combined trade deficits with Japan and China now total about $100 billion.
D. Most economists agree that the best way to reduce our trade deficit would be to impose high tariffs on our imports from Japan and China.
B. Our trade deficit with China has been rising more rapidly than our trade deficit with Japan.
You might also like to view...
What is the primary disadvantage for a firm that obtains financial capital through a bank loan?
a. Having to make scheduled interest payments b. Losing control of its operations to bank stockholders c. Being monitored by the Securities and Exchange Commission d. Selling off ownership of the company until the loan is repaid
The term quantity supplied refers to the quantities of a good that sellers are willing and able to sell at all prices
a. True b. False Indicate whether the statement is true or false
When real GDP grows more slowly than potential GDP
What will be an ideal response?
If the dollar price of the English pound goes from $1.50 to $1.75, the dollar has
What will be an ideal response?