Choose the correct statement.
What will be an ideal response?
Tax cuts increase tax revenue.
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Money cannot serve as a medium of exchange unless it also serves as a store of value. Is this statement true or false? Explain
What will be an ideal response?
In the early 1970s, the U.S. ran large balance of payments ________, causing an ________ dollar and an ________ German mark
A) deficits; undervalued; overvalued B) deficits; overvalued; undervalued C) surpluses; undervalued; overvalued D) surpluses; overvalued; undervalued
The main conclusion drawn from the criticisms around foreign aid is:
A. trade should be encouraged instead of aid. B. more accountable means of distribution and program evaluation are needed. C. immigration policies should be loosened and aid should be halted. D. aid should no longer exist, as it is an inefficient use of dollars.
One World View article, "The Risks of China's Foreign-Exchange Stockpile," states that
A. The dollar is undervalued. B. The reserves of foreign exchange in China can cause inflation in China. C. The trade imbalance is due to an overvalued yuan. D. China's reserves of currency can cause deflation in China.