Suppose that increases in government expenditures and large budget deficits are projected for the next decade. If strong growth is observed during this decade, this would be most consistent with

The United States produces ____ of what it consumes, and consumes ____ of what it produces.

A. little; little B. little; most C. most; little D. most; most

Describe the product cycle, including addressing the various inputs that are required over time and the resulting production location decisions

What will be an ideal response?

A change in flour prices shifts the supply curve for bread

Indicate whether the statement is true or false

Explain why foreign trade imbalances do not always create problems