A country that has had success with export-led growth policy is:
A. North Korea.
B. South Korea.
C. Russia.
D. Liberia.
B. South Korea.
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Which of the following is a discretionary fiscal policy action?
A) a progressive tax system that leads to an increase in income tax revenues during an economic boom B) a deliberate tax cut when the economy experiences high unemployment C) an increase in the amount of unemployment compensation because more people become unemployed D) an increase in Supplemental Security Income payments when more people become eligible for the benefits
Which of the following is likely to happen if a German company opens a production unit in New York?
A) U.S.'s GDP will decrease. B) U.S.'s GNP will increase. C) Germany's GNP will increase. D) Germany's GDP will increase.
Health insurance typically pays for most preventive care procedures in all of the following countries except
A) the United States. B) Canada. C) Japan. D) the United Kingdom.
The Civil War's (1861–1865) impact on the growth and development of the U.S. economy was negative
Indicate whether the statement is true or false