Which statement is true?
A. In both the 19th century and the since the 1980s we borrowed from foreigners to finance both capital expansion and consumption.
B. In neither the 19th century nor since the 1980s we borrowed from foreigners to finance both capital expansion and consumption.
C. In the 19th century we borrowed from foreigners to finance capital expansion and since the 1980s we borrowed to finance consumption.
D. In the 19th century, we borrowed from foreigners to finance consumption and since the 1980s we borrowed to finance capital expansion.
C. In the 19th century we borrowed from foreigners to finance capital expansion and since the 1980s we borrowed to finance consumption.
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Monopoly is characterized by
A) unique products. B) market entry and exit are difficult or impossible. C) non-price competition not necessary. D) All of the above
Which of the following is a way the government can stimulate saving?
A. Decrease interest rates B. Increase taxes C. Offering tax incentives for retirement accounts D. There is nothing the government can do to stimulate saving.
Classical economists believed that production could be stuck below its full employment level for a long period of time
a. True b. False
A professor changes the penalty for cheating on exams from getting a 0 on the exam to getting an F in the course. The professor has
A) decreased the marginal benefit of cheating. B) recognized that students don't make rational choices. C) increased the marginal cost of cheating. D) made all the students act in the social interest. E) recognized that students don't respond to incentives.