If a large open economy, like the United States, reduces its budget deficit, what impact would this have on a small open economy?
A) higher savings
B) increased investment
C) increased net savings
D) no change in interest rates
B
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The most commonly used tool of monetary policy in the U.S. is ___________ market operations.
a. open b. closed c. private d. public
Which of the following best expresses the attitude toward competition of a firm engaged in tacit collusion with its rivals?
a. A rolling stone gathers no moss. b. Waste not, want not. c. Do unto others as you would have them do unto you. d. Ask, and ye shall receive.
According to the graph shown, producing 14 units:
A. will earn more profits than producing 9 or 11 units. B. will earn zero profit. C. is not as profitable as producing 11 units. D. will earn negative profits.
If the productivity of an assembly line worker rises from 6 rivets per minute to 9 rivets per minute, we can say that her productivity
A. fell by 50%. B. stayed the same. C. rose by 50%. D. rose by 100%.