During the 1980s and 1990s, the percentage of GDP spent on government spending was lowest in which of the following economies?
a. Japan
b. Italy
c. France
d. United Kingdom
e. United States
A
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An appreciation of the U.S. dollar relative to the Japanese yen causes
A) a lower dollar-price of Japanese goods which induces the U.S. to increase their purchasing of Japanese goods. B) the quantity demanded of U.S. dollars to increase because the Japanese want to buy more U.S. goods. C) the Japanese to buy more U.S. goods, causing the dollars to appreciate further. D) the U.S. to buy less Japanese goods, causing the U.S. to depreciate.
When a corporation wishes to issue shares of stock, it will do so by working through
A. the New York Stock Exchange. B. a commercial bank. C. an investment bank. D. a stock broker.
Which of the following is evidence of an inflationary gap?
a. very long lines at employment agencies b. very short waiting times for product delivery c. very low sales figures d. very long search times for people looking for jobs e. very low unemployment rates
If the exchange rate of the English pound goes from $1.80 to $1.60, the pound has
a. appreciated, and the English will find U.S. goods cheaper. b. appreciated, and the English will find U.S. goods more expensive. c. depreciated, and the English will find U.S. goods more expensive. d. depreciated, and the English will find U.S. goods cheaper.