Suppose that national saving is $1456 billion, investment is $1945 billion, and private saving is $1590 billion. How much is the current account balance?
A) $489 billion
B) $221 billion
C) -$221 billion
D) -$489 billion
D
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Which of the following contributed to the turn-around in the U.S. government budget from a surplus in the early 2000s to record deficits by the end of the decade?
A. An increase in tax revenues because of a recession. B. An increase in business saving. C. An increase in government purchases on homeland security and wars. D. An increase in household saving.
The antitrust laws regulate all of the following business decisions except ____
a. collusion b. mergers c. monopolistic practices d. price discrimination e. wage levels
Which of the following statements is not correct?
a. An invisible hand leads buyers and sellers to an equilibrium that maximizes total surplus. b. Market power can cause markets to be inefficient. c. Externalities can cause markets to be inefficient. d. The invisible hand can remedy all types of market failures.
Explain why the U.S. crisis became a world crisis
What will be an ideal response?