For the six years following the passage of the North American Free Trade Agreement (NAFTA),
a. the U.S. economy had some of the slowest job growth and highest unemployment in its history.
b. the U.S. economy had some of the most rapid job growth and low unemployment in its history.
c. the U.S. economy had some of the most rapid job growth and modest unemployment in its history.
d. the U.S. economy had some of the slowest job growth and modest unemployment in its history.
b. the U.S. economy had some of the most rapid job growth and low unemployment in its history.
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If the federal government were to run a budget deficit, this would
a. increase the size of the national debt. b. reduce the size of the national debt. c. leave the size of the national debt unchanged. d. increase the national debt only if the government also expands the supply of money.
Standardized tests are used in efforts to
A. save on paper waste. B. make schools more accountable. C. give teachers more time off. D. shorten school hours.
In a closed economy ________
A) investment equals consumption B) investment equals savings C) saving equals consumption D) exports are greater than imports
If a currency increases in value in response to market forces, this process is known as
a. reflation. b. revaluation. c. appreciation. d. value-added.