By the mid-1980s, the United States
A. changed from a creditor nation to a debtor nation.
B. was neither a creditor nation or a debtor nation, as its current account and capital account were both valued at zero.
C. was both a creditor nation and a debtor nation, as its balance of payments was equal to zero.
D. changed from a debtor nation to a creditor nation.
Answer: A
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To affect the market outcome, a price ceiling
A) must be set below the equilibrium price. B) must be set below the legal price. C) must be set below the price floor. D) must be set below the black market price.
Since 1970, the share of income going to the richest fifth of the population in the U.S. has
a. diminished. b. grown. c. remained unchanged.
Which of the following would decrease the demand for labor? (i) a decrease in the output price (ii) an increase in the output price (iii) a labor-saving technological advance (iv) a labor-augmenting technological advance
a. (i) only b. (i) and (iii) only c. (ii) only d. (ii) and (iv) only
The largest item of government expenditure is...
What will be an ideal response?What will be an ideal response?