In contrast to the United States, countries like Japan and Germany have
a. higher rates of saving and investment.
b. higher rates of saving but lower rates of investment.
c. lower rates of saving but higher rates of investment.
d. lower rates of saving and investment.
a
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As a result of an increase in tariffs, imports decrease and government revenue increases
Indicate whether the statement is true or false
Voluntary trade promotes economic progress because
A) it discourages trade based on the comparative advantage of suppliers. B) This is a trick question; voluntary exchange does not promote economic progress. C) it moves goods, services and resources from people who value them less to individuals who value them more. D) it discourages businesses from seeking lower per-unit costs through adoption of mass production methods.
If a price floor is set below the equilibrium price,
A. there will be a surplus. B. the floor will be ineffective. C. quantity demanded will be less than quantity supplied. D. there will be a shortage.
Which of the following nations had the highest public sector debt as a percentage of GDP in 2012?
A. The U.S. B. Japan C. The U.K. D. Greece