While deficits in the United States through the 1970s, 1980s and early 1990s were high relative to our historical peacetime experience, they
a. were been below average for large industrial countries.
b. were above average when compared to other large industrial countries.
c. were about average for large industrial countries.
d. were the lowest when compared to other large industrial countries.
C
You might also like to view...
According to this Application, transformative economic growth, such as that which occurred with the Industrial Revolution, typically requires
A) both participatory and authoritarian political institutions. B) more authoritarian political institutions. C) neither participatory nor authoritarian political institutions. D) more participatory political institutions.
What are the positive impacts of migration on migrants and the firms that hire them?
What will be an ideal response?
Suppose you cannot buy information that completely removes the uncertainty from a business decision that you face, but you could buy information that reduces the degree of uncertainty
Based on the discussion in this chapter, the value of this partial information could be determined as the: A) expected outcome under complete certainty minus the expected outcome under the partial information case. B) expected outcome under the partially uncertain case minus the expected outcome under the completely uncertain case. C) utility of the partially certain case minus the utility of the completely certain case. D) We cannot determine the value of information under partial certainty.
In a two-person exchange, if the price offered to the seller is less than the opportunity cost of production, the exchange will not take place
Indicate whether the statement is true or false