Since 1970, the U.S. trade balance has:
A. been close to zero in almost every year.
B. been in deficit in almost every year.
C. been in surplus in almost every year.
D. fluctuated between deficit and surplus frequently.
Answer: B
You might also like to view...
The graph shown demonstrates a tax on sellers. Which of the following can be said about the effect of this tax?
The graph shown demonstrates a tax on sellers. Which of the following can be said about the A. The tax creates a shortage, and rationing must occur.
B. The tax creates a surplus, and the government must buy the excess.
C. The tax creates a shortage, and the government must regulate the market.
D. None of these is true.
Assume that U.S. agricultural land is used either to raise cotton for clothing or to grow wheat. Agricultural researchers develop a new wheat hybrid that is more resistant to drought and insects. What effect will this have on the production possibilities frontier for cotton and wheat?
a. maximum possible production of both cotton and wheat will rise b. maximum possible production of cotton will rise; maximum possible production of wheat will not change c. maximum possible production of wheat will rise; maximum possible production of cotton will not change d. maximum possible production of cotton will rise; maximum possible production of wheat will fall e. maximum possible production of wheat will rise; maximum possible production of cotton will fall
Programs to control government spending automatically kick in when government spending exceeds 15% of gross domestic product
Indicate whether the statement is true or false
Those living in the poorest quartile of countries would like to emigrate because:
A. the opportunities to gain more education are higher in richer countries. B. earnings are higher for the same skill level in richer countries. C. the cost of living is lower in richer countries. D. All of these statements are true.