The country with the largest trade deficit as a percentage of GDP in 2009 was
A. Japan.
B. United States.
C. France.
D. Canada.
B. United States.
You might also like to view...
The classical model differs from the Keynesian model in that
a. monetary policy does not impact output in the Keynesian model. b. the classical model focuses on the long-run and the Keynesian model focuses on the short-run. c. fiscal policy is more powerful in the classical model than in the Keynesian model. d. the classical model believes monetary policy is a powerful impact on output and fiscal policy is not. e. None of the above
If the United States exports $250 billion worth of goods and imports $420 billion worth of goods
A) the balance of payments will be -$170 billion. B) the balance of trade will be -$170 billion. C) the balance of trade will be $670 billion. D) the official reserve transaction will be $170 billion.
The Fed relies primarily on the discount rate to control the money supply
a. True b. False Indicate whether the statement is true or false
When a nation imposes a blanket standard on imports, it refers to policies that:
A. impose standards imposed on all imports. B. impose standards on specific countries. C. restrict the importation of specific goods. D. All of these are true.