The worst remedy for curing the U.S. trade deficit is to
A. increase U.S. personal saving.
B. reduce the budget deficit.
C. encourage all nations to lower trade barriers.
D. limit imports by imposing tariffs, quotas, and other trade restrictions.
Answer: D
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What is the utilitarian idea of fairness and what is wrong with it?
What will be an ideal response?
A study by the Congressional Budget Office (CBO) regarding the corporate income tax included the following statement: "A corporation may write its check to the Internal Revenue Service for payment of the corporate income tax, but the money must come
from somewhere..." The comments that followed this statement argued that A) corporations pass on some of the burden of the tax to investors in the company, to workers, and to consumers. B) it is necessary to retain the tax because it is based on the ability-to-pay principle. C) the corporate income tax is a reliable source of revenue because corporations cannot avoid paying the tax. D) the tax is more progressive than the individual income tax.
The "loanable funds market" is a term used by economists to describe the
a. demand for goods and services by households. b. market that includes resources such as labor and capital. c. supply of goods and services by firms. d. market that coordinates the borrowing and lending of individuals and firms.
Refer to the given table. Relative to column A, column B represents:Price Per UnitColumn A Units Per YearColumn B Units Per Year$20100110$308595$407080$505565$604050
A. a decrease in demand. B. an increase in supply. C. a decrease in supply. D. an increase in demand.