During the late 1980s and early 1990s, most of the budget deficits were accounted for by
A. the decline of foreign investment in the United States.
B. the downturn in the economy.
C. deliberate fiscal policy changes.
D. all of the above are correct.
Answer: C
You might also like to view...
If the U.S. Congress imposes a quota on imports of Japanese cars due to claims of "unfair" trade practices, and Japanese demand for American exports increases at the same time, then, in the long run ________, everything else held constant
A) the Japanese yen will appreciate relative to the U.S. dollar B) the Japanese yen will depreciate relative to the U.S. dollar C) the Japanese yen will either appreciate, depreciate or remain constant against the U.S. dollar D) there will be no effect on the Japanese yen relative to the U.S. dollar
Which of the following institutional changes contributed to the high rate of development in European and North American countries?
a. An increase in government intervention in production and consumption of goods and services through taxes and subsisidies b. An increase in governments' support to monopolistic firms and businesses c. An increase in government ownership of resources d. Stricter enforcement of private property rights
If an oligopolistic manufacturer believes that he faces a kinked demand curve for his product, he thinks his competitors will ______ if he lowers his price and ____ if he raises his price.
A. lower their prices; raise their prices B. lower their prices; not raise their prices C. not lower their prices; raise their prices D. not lower their prices; not raise their prices
Suppose China can produce either 300 telephones or 200 DVD players, and Japan can produce either 200 telephones or 100 DVD players. Implicitly, Japan has
A. A comparative but not necessarily an absolute advantage in telephones. B. An absolute but not necessarily a comparative advantage in telephones. C. Neither a comparative nor an absolute advantage in telephones. D. Both an absolute and a comparative advantage in telephones.