Which of the following will occur as a result of a tax cut?
A) private saving decreases
B) investment decreases
C) the trade balance improves
D) the trade balance worsens
E) the budget deficit decreases
D
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The amount of time it takes for fiscal policy to have an impact on the economy creates:
A. an information lag. B. a formulation lag. C. an implementation lag. D. a direction lag.
As of 1998, living standards in the United States were nearly ______ times higher than those in Africa.
A. 3 B. 8 C. 14 D. 20
Expansionary fiscal policy involves
A) decreasing the money supply and increasing interest rates. B) increasing taxes or decreasing government purchases. C) increasing the money supply and decreasing interest rates. D) increasing government purchases or decreasing taxes.
WTO rulings with respect to environmental issues have:
a. generally had very adverse effects on the environment. b. generally increased regard for environmental protection. c. caused substantial decreases in international trade. d. caused countries to adopt more stringent laws more affecting imports than domestic producers.