To reduce the outflow of dollars from the United States, we need to
A. lower the budget deficit and the trade deficit.
B. raise the budget deficit and the trade deficit.
C. raise the budget deficit and lower the trade deficit.
D. lower the budget deficit and raise the trade deficit.
A. lower the budget deficit and the trade deficit.
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Despite the outlays by the federal and state governments, many observers believe which of the following is true?
A. Public infrastructure, such as bridges and roads, is only adequate. B. Our educational system is lacking. C. Too little is spent on homeland defense. D. All of these are correct.
Chapter 15 suggests that the Community Reinvestment Act (CRA) provides an example of
A) bad intentions and bad unintended consequences. B) good intentions and bad unintended consequences. C) bad intentions and good unintended consequences. D) good intentions and good unintended consequences.
Regardless of quantity in long-run equilibrium, the industry price cannot exceed the
A. long-run average cost of supplying that quantity. B. total variable cost of supplying that quantity. C. long-run total cost of supplying that quantity. D. minimum long-run marginal cost of supplying that quantity.
A nation's trade deficit will tend to expand when
a. its economy is expanding. b. its economy is shrinking. c. its investment environment is less attractive to foreigners. d. both b and c above are true.